S. 2362 · 115th Congress
Control Your Personal Credit Information Act of 2018
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ReedSponsorNo cosponsors.
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.)
What it does: CRS summary · Introduced in Senate · Jan 30, 2018
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Control Your Personal Credit Information Act of 2018
Latest action (Jul 12, 2018): Committee on Banking, Housing, and Urban Affairs. Hearings held.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Jan 30, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.