US Congress Senate Bill 1816 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Democrat 18-1)
Status: Introduced on September 14 2017 - 25% progression, died in chamber
Action: 2017-10-17 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-132.
Text: Latest bill text (Introduced) [PDF]

Freedom from Equifax Exploitation Act This bill amends the Fair Credit Reporting Act to revise fraud alert provisions required of consumer reporting agencies. A fraud alert must be placed in a consumer's file upon request if the consumer suspects harm from an unauthorized disclosure. The time period for fraud alerts is extended from 90 days to 1 year. The bill also revises provisions relating to 7-year renewable fraud alerts in cases of identity theft. The bill establishes a credit freeze process. A consumer reporting agency must place a free credit freeze on the consumer's file upon a consumer's request, prohibiting a consumer reporting agency from releasing any credit information without the consumer's permission. Consumer reporting agencies must provide procedures for temporarily and permanently lifting the freeze at no charge to the consumer. Consumers are allowed a free credit report when requesting a credit freeze. While the file is subject to a freeze, a consumer reporting agency is prohibited from including the consumer in lists provided to third parties for credit or insurance offers. A consumer reporting agency must provide on the Internet policies and procedures for consumers to: (1) place, temporarily lift, or fully remove a credit freeze; and (2) make required statements for fraud alerts or credit freezes. The bill requires consumer reporting agencies to issue a refund of fees to any consumer who requested a credit freeze beginning September 7, 2017, through the day before enactment of this bill.

Freedom from Equifax Exploitation Act

Sen. Elizabeth Warren [D-MA]	Sen. Brian Schatz [D-HI]	Sen. Robert Menendez [D-NJ]	Sen. Chris Van Hollen [D-MD]
Sen. Kirsten Gillibrand [D-NY]	Sen. Richard Blumenthal [D-CT]	Sen. Edward Markey [D-MA]	Sen. Bernard Sanders [I-VT]
Sen. Ron Wyden [D-OR]	Sen. Richard Durbin [D-IL]	Sen. Jeff Merkley [D-OR]	Sen. Al Franken [D-MN]
Sen. Tammy Baldwin [D-WI]	Sen. Sheldon Whitehouse [D-RI]	Sen. Jeanne Shaheen [D-NH]	Sen. Dianne Feinstein [D-CA]
Sen. Amy Klobuchar [D-MN]	Sen. Debbie Stabenow [D-MI]	Sen. Maria Cantwell [D-WA]

Date	Chamber	Action
2017-10-17	Senate	Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-132.
2017-09-14	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB3755 (Related) 2017-09-13 - Referred to the House Committee on Financial Services.
HB3878 (Related) 2017-09-28 - Referred to the House Committee on Financial Services.
SB1810 (Related) 2017-09-14 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/1816/all-info
Text	https://www.congress.gov/115/bills/s1816/BILLS-115s1816is.pdf