US Congress Senate Bill 2362 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 30 2018 - 25% progression, died in chamber
Action: 2018-07-12 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Introduced) [PDF]

Control Your Personal Credit Information Act of 2018 This bill amends the Fair Credit Reporting Act to require a consumer's affirmative written consent before a consumer reporting agency may share that consumer's report with third parties for specified purposes. A consumer must provide proper identification when giving this consent. (Currently, this sharing is generally allowed unless a consumer opts out.) If the consumer provides consent, a consumer reporting agency may share information with a third party for: an extension of credit, or the underwriting of insurance. A consumer reporting agency may provide a consumer report in connection with transactions not initiated by the consumer only if: the consumer provides affirmative consent, and the transaction consists of a firm offer of credit or insurance. The Government Accountability Office must report on how best to protect information collected in consumer files. Consumer reporting agencies may not charge consumers fees in connection with furnishing consumer reports. The bill requires consumer reporting agencies to use reasonable efforts to prevent data breaches of consumer reports.

Control Your Personal Credit Information Act of 2018

Sen. Jack Reed [D-RI]

Date	Chamber	Action
2018-07-12	Senate	Committee on Banking, Housing, and Urban Affairs. Hearings held.
2018-01-30	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S582-583)

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/2362/all-info
Text	https://www.congress.gov/115/bills/s2362/BILLS-115s2362is.pdf