H. R. 6470, to amend the Fair Credit Reporting Act.

Summary: To amend the Fair Credit Reporting Act to institute a 1-year waiting period before medical debt will be reported on a consumer’s credit report and to remove paid-off and settled medical debts from credit reports that have been fully paid or settled, to amend the Fair Debt Collection Practices Act to provide a timetable for verification of medical debt and to increase the efficiency of credit markets with more perfect information, and for other purposes. (Cosponsors)

ANGIE CRAIG’S POSITION:  Representative Craig Cosponsored the bill on 04/07/20.

STATUS: Introduced 04/07/20 by Rep. Porter, Katie [D-CA-45].

INFORMATION RELATED TO THE BILL:

  • The Fair Credit Reporting Act (FCRA) is a federal law that regulates the collection of consumers’ credit information and access to their credit reports. It was passed in 1970 to address the fairness, accuracy, and privacy of the personal information contained in the files of the credit reporting agencies. (Source: Investopedia)

ADDITIONAL DETAIL: 

Link to the text of the bill.

Link to bill information (support and opposition) on Countable.

Link to bill information on GovTrack.

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