Restoring Unfairly Impaired Credit and Protecting Consumers Act
Latest action · Dec 23, 2019 Placed on the Union Calendar, Calendar No. 287.
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.
- IntroducedJul 5, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jul 5, 2019Markup Jul 11, 2019Reported Dec 23, 2019 |
Actions 6
Everything that happened, newest first.
- Dec 23, 2019Reported (Amended) by the Committee on Financial Services. H. Rept. 116-362.
- Dec 23, 2019Placed on the Union Calendar, Calendar No. 287.
- Jul 11, 2019Committee Consideration and Mark-up Session Held.
- Jul 11, 2019Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 26.
- Jul 5, 2019Introduced in House
- Jul 5, 2019Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Dec 20, 2019H.R. 3622, Restoring Unfairly Impaired Credit and Protecting Consumers ActAs ordered reported by the House Committee on Financial Services on July 11, 2019
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 112, July 5, 2019, page H5272.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 116-54 | EXAMINING LEGISLATION TO PROTECT CONSUMERS AND SMALL BUSINESS OWNERS FROM ABUSIVE DEBT COLLECTION PRACTICES397 pages | Financial Services Committee | Sep 26, 2019 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3621 | Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act of 2020 | Related bill | Jan 30, 2020 |
| HR 4115 | Restoring Unfairly Impaired Credit and Protecting Consumers Act | Reintroduced Bill | Jun 24, 2021 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Fair Credit Reporting act to restore the impaired credit of victims of predatory activities and unfair consumer reporting practices, to expand access to tools to protect vulnerable consumers from identity theft, fraud, or a related crime, and protect victims from further harm, and for other purposes.
- Short Title(s) as Introduced
- Restoring Unfairly Impaired Credit and Protecting Consumers Act
- Short Title(s) as Reported to House
- Restoring Unfairly Impaired Credit and Protecting Consumers Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative law and regulatory procedures
- Aging
- Computer security and identity theft
- Consumer affairs
- Consumer credit
- Consumer Financial Protection Bureau
- Contracts and agency
- Crime victims
- Debt collection
- Finance and Financial Sector
- Fraud offenses and financial crimes
- Government information and archives
- Health care costs and insurance
- Higher education
- Housing finance and home ownership
- Military personnel and dependents
- Student aid and college costs
Text 2
Each version as it was printed, newest first.
- Dec 23, 2019Reported in House
- Jul 5, 2019Introduced in House
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
