House Bill 3622
116th Congress(2019-2020)
Restoring Unfairly Impaired Credit and Protecting Consumers Act
Introduced
Introduced in House on Jul 5, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3622
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
Restoring Unfairly Impaired Credit and Protecting Consumers Act
This bill revises requirements regarding consumer credit information included by a consumer reporting agency on a credit report, including by
- requiring removal of adverse information that resulted from specified fraudulent lending activity,
- shortening the time period adverse information stays on reports, and
- limiting the inclusion of certain medical debt on reports.
The bill also requires a consumer reporting agency to provide free credit monitoring and identity theft protection services to certain consumers, including victims of fraud, active duty military, and those 65 years of age and older.
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12/23/2019
Placed on the Union Calendar, Calendar No. 287.
12/23/2019
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-362.
07/11/2019
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 26.
07/11/2019
Committee Consideration and Mark-up Session Held.
07/05/2019
Referred to the House Committee on Financial Services.
07/05/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:50:46 PM