HR 3622 · 116th Congress · Finance and Financial Sector
Restoring Unfairly Impaired Credit and Protecting Consumers Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 287.(2019-12-23)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 3622, Restoring Unfairly Impaired Credit and Protecting Consumers Act
Dec 20, 2019As ordered reported by the House Committee on Financial Services on July 11, 2019
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office