HR 6129 · 109th Congress 2005–2007, ended

Credit Monitoring Clarification Act

Introduced Sep 20, 2006 Originated House Sponsor Edward R. Royce R-CA

Fact sheet

Latest action · Oct 18, 2006 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedSep 20, 2006
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Credit Monitoring Clarification Act - Amends the Credit Repair Organizations Act to cite conditions under which provision to a consumer of credit reports, credit score analysis, and assistance in a case of identity theft shall not be considered as an activity to improve a consumer's credit status, which is subject to regulation under such Act.

Exempts from regulation under such Act any person (credit repair organization, or CRO) representing that it can modify or remove, or assist the consumer in modifying or removing, any information in the consumer's credit report if the CRO gives clear and conspicuous notice, before the consumer pays or agrees to pay it, that: (1) neither the consumer nor anyone else has the right to have accurate and current information removed from a credit report; and (2) the consumer has the right to dispute any inaccurate information by contacting the credit bureau directly. Requires a CRO, to qualify for this exemption from regulation, also to give the consumer, before payment or agreement to pay, a specified disclosure entitled "Your Rights Concerning Your Consumer Credit File."

Cosponsors 7

Members who signed on, in the order they did. All signed on Sep 20, 2006.

SeatCosponsorSigned on
D-GADavid ScottOriginalSep 20, 2006
R-FLGinny Brown-WaiteOriginalSep 20, 2006
D-ILMelissa L. BeanOriginalSep 20, 2006
D-PAPaul E. KanjorskiOriginalSep 20, 2006
R-TXPete SessionsOriginalSep 20, 2006
R-ALSpencer BachusOriginalSep 20, 2006
R-GATom PriceOriginalSep 20, 2006

Actions 3

Everything that happened, newest first.

  1. Oct 18, 2006Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
  2. Sep 20, 2006Introduced in House
  3. Sep 20, 2006Referred to the House Committee on Financial Services.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 3662Credit Monitoring Enhancement Act of 2006Related billJul 14, 2006

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Sep 20, 2006Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.