S. 2685 · 116th Congress
Consumer Credit Control Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ReedSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill 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.)
What it does: CRS summary · Introduced in Senate · Oct 23, 2019
Consumer Credit Control Act of 2019
This bill 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Consumer Credit Control Act of 2019
Latest action (Oct 23, 2019): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6094)
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Oct 23, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.