Bill Sponsor
Senate Bill 3040
115th Congress(2017-2018)
Credit Access and Inclusion Act of 2018
Introduced
Introduced
Introduced in Senate on Jun 11, 2018
Overview
Text
Sponsor
Introduced
Jun 11, 2018
Latest Action
Jul 12, 2018
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3040
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
South Carolina
Democrat
Alabama
Republican
Arkansas
Democrat
Montana
Republican
South Dakota
Democrat
West Virginia
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Credit Access and Inclusion Act of 2018

This bill amends the Fair Credit Reporting Act to allow the reporting of certain positive consumer-credit information to consumer reporting agencies. Specifically, a person or the Department of Housing and Urban Development may report information related to a consumer's performance in making payments either under a lease agreement for a dwelling or pursuant to a contract for a utility or telecommunications service. However, information about a consumer's usage of any utility or telecommunications service may be reported only to the extent that the information relates to payment by the consumer for such service or other terms of the provision of that service. Furthermore, an energy-utility firm may not report a consumer's outstanding balance as late if the firm and the consumer have entered into a payment plan and the consumer is meeting the obligations of that plan.

Specified provisions of the Consumer Credit Protection Act that establish civil liability with respect to furnishers of information to consumer reporting agencies shall not apply to any violation of the bill.

The Government Accountability Office must report on the consumer impact of such reporting.

Text (1)
Actions (3)
07/12/2018
Committee on Banking, Housing, and Urban Affairs. Hearings held.
06/11/2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
06/11/2018
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:42:10 PM