US Congress Senate Bill 2685 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on October 23 2019 - 25% progression, died in committee
Action: 2019-10-23 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6094)
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Requires a consumer's affirmative informed consent before a consumer reporting agency may share that consumer's report with third parties for specified purposes. A consumer reporting agency must verify a consumer's identity when obtaining 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.

Consumer Credit Control Act of 2019

Sen. Jack Reed [D-RI]

Sen. Chris Van Hollen [D-MD]

Date	Chamber	Action
2019-10-23	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6094)

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/2685/all-info
Text	https://www.congress.gov/116/bills/s2685/BILLS-116s2685is.pdf