Legis Daily

Protecting Your Credit Score Act of 2020

USA116th CongressHR-5332| House 
| Updated: 6/30/2020
Josh Gottheimer

Josh Gottheimer

Democratic Representative

New Jersey

Cosponsors (1)
Tom Reed (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Protecting Your Credit Score Act of 2020 This bill revises provisions related to consumer credit reports and credit reporting agencies. (Sec. 2) Credit reporting agencies are directed to create a central online portal that allows consumers to (1) access free credit reports and credit scores, (2) dispute errors, and (3) place or lift security freezes. (Sec. 3) Credit reporting agencies must verify specified identifying information when adding credit information to a consumer's file. Credit reporting agencies must also perform periodic audits of credit reports to ensure accuracy. (Sec. 4) A credit reporting ombudsperson, whose responsibilities include resolving persistent errors by credit reporting agencies, is established at the Consumer Financial Protection Bureau (CFPB). Credit reporting agencies must provide a consumer with additional information after an agency's reinvestigation of disputed credit information. (Sec. 5) A court may award injunctive relief to compel a credit reporting agency to comply with credit report protections. (Sec. 6) Consumers will receive a free credit score upon request and upon certain adverse credit decisions. Credit reporting agencies must provide available information to consumers regarding the purpose behind the procurement of a credit report. (Sec. 7) The bill establishes a public registry for credit reporting agencies. (Sec. 8) The bill also provides the CFPB with statutory authority for supervising credit reporting agencies. (Sec. 9) The bill gives the CFPB the authority to establish data security requirements for credit reporting agencies. (Sec. 10) The CFPB must report on the effectiveness of specified audits in addressing data security risks at credit reporting agencies. (Sec. 11) The Government Accountability Office must report on the feasibility of credit reporting agencies replacing Social Security numbers as identifiers with another type of federal identification.

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Timeline
Dec 6, 2019
Introduced in House
Dec 6, 2019
Referred to the House Committee on Financial Services.
Dec 10, 2019
Committee Consideration and Mark-up Session Held.
Dec 11, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 24.
Dec 11, 2019
Committee Consideration and Mark-up Session Held.
Mar 12, 2020
Placed on the Union Calendar, Calendar No. 335.
Mar 12, 2020
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-416.
Jun 24, 2020
Rules Committee Resolution H. Res. 1017 Reported to House. Rule provides for consideration of H.R. 1425, H.R. 5332, H.R. 7120, H.R. 7301 and H.J. Res. 90. The resolution provides that the provisions of section 125(c) of the Uruguay Round Agreements Act shall not apply during the remainder of the 116th Congress and the resolution amends H.Res. 967, agreed to on May 15, 2020.
Jun 26, 2020
Considered under the provisions of rule H. Res. 1017. (consideration: CR H2559-2571)
Jun 26, 2020
Rule provides for consideration of H.R. 1425, H.R. 5332, H.R. 7120, H.R. 7301 and H.J. Res. 90. The resolution provides that the provisions of section 125(c) of the Uruguay Round Agreements Act shall not apply during the remainder of the 116th Congress and the resolution amends H.Res. 967, agreed to on May 15, 2020.
Jun 26, 2020
DEBATE - The House proceeded with one hour of debate on H.R. 5332.
Jun 26, 2020
The previous question was ordered pursuant to the rule.
Jun 26, 2020
POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule XIX, further proceedings on H.R. 5332 were postponed.
Jun 29, 2020
Considered as unfinished business. (consideration: CR H2663-2664)
Jun 29, 2020
Mr. Riggleman moved to recommit with instructions to the Committee on Financial Services. (text: CR H2663)
Jun 29, 2020
DEBATE - The House proceeded with 10 minutes of debate on the Riggleman motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to strike section 3 from the bill and insert a new section prohibiting the use of social security numbers.
Jun 29, 2020
The previous question on the motion to recommit with instructions was ordered without objection.
Jun 29, 2020
POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on the motion and by voice vote, announced that the noes had prevailed. Mr. Riggleman demanded the yeas and nays and the Chair postponed further consideration on the motion to recommit until a time to be announced.
Jun 29, 2020
Considered as unfinished business. (consideration: CR H2665-2667)
Jun 29, 2020
On motion to recommit with instructions Failed by the Yeas and Nays: 184 - 228 (Roll no. 125).
View Vote
Jun 29, 2020
On passage Passed by the Yeas and Nays: 234 - 179 (Roll no. 126). (text: 06/26/2020 CR H2559-2561)
View Vote
Jun 29, 2020
Motion to reconsider laid on the table Agreed to without objection.
Jun 30, 2020
Received in the Senate.
  • December 6, 2019
    Introduced in House
  • December 6, 2019
    Referred to the House Committee on Financial Services.
  • December 10, 2019
    Committee Consideration and Mark-up Session Held.
  • December 11, 2019
    Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 24.
  • December 11, 2019
    Committee Consideration and Mark-up Session Held.
  • March 12, 2020
    Placed on the Union Calendar, Calendar No. 335.
  • March 12, 2020
    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-416.
  • June 24, 2020
    Rules Committee Resolution H. Res. 1017 Reported to House. Rule provides for consideration of H.R. 1425, H.R. 5332, H.R. 7120, H.R. 7301 and H.J. Res. 90. The resolution provides that the provisions of section 125(c) of the Uruguay Round Agreements Act shall not apply during the remainder of the 116th Congress and the resolution amends H.Res. 967, agreed to on May 15, 2020.
  • June 26, 2020
    Considered under the provisions of rule H. Res. 1017. (consideration: CR H2559-2571)
  • June 26, 2020
    Rule provides for consideration of H.R. 1425, H.R. 5332, H.R. 7120, H.R. 7301 and H.J. Res. 90. The resolution provides that the provisions of section 125(c) of the Uruguay Round Agreements Act shall not apply during the remainder of the 116th Congress and the resolution amends H.Res. 967, agreed to on May 15, 2020.
  • June 26, 2020
    DEBATE - The House proceeded with one hour of debate on H.R. 5332.
  • June 26, 2020
    The previous question was ordered pursuant to the rule.
  • June 26, 2020
    POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule XIX, further proceedings on H.R. 5332 were postponed.
  • June 29, 2020
    Considered as unfinished business. (consideration: CR H2663-2664)
  • June 29, 2020
    Mr. Riggleman moved to recommit with instructions to the Committee on Financial Services. (text: CR H2663)
  • June 29, 2020
    DEBATE - The House proceeded with 10 minutes of debate on the Riggleman motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to strike section 3 from the bill and insert a new section prohibiting the use of social security numbers.
  • June 29, 2020
    The previous question on the motion to recommit with instructions was ordered without objection.
  • June 29, 2020
    POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on the motion and by voice vote, announced that the noes had prevailed. Mr. Riggleman demanded the yeas and nays and the Chair postponed further consideration on the motion to recommit until a time to be announced.
  • June 29, 2020
    Considered as unfinished business. (consideration: CR H2665-2667)
  • June 29, 2020
    On motion to recommit with instructions Failed by the Yeas and Nays: 184 - 228 (Roll no. 125).
    View Vote
  • June 29, 2020
    On passage Passed by the Yeas and Nays: 234 - 179 (Roll no. 126). (text: 06/26/2020 CR H2559-2561)
    View Vote
  • June 29, 2020
    Motion to reconsider laid on the table Agreed to without objection.
  • June 30, 2020
    Received in the Senate.

Finance and Financial Sector

Related Bills

  • HRES 116-1017: Providing for consideration of the bill (H.R. 51) to provide for the admission of the State of Washington, D.C. into the Union; providing for consideration of the bill (H.R. 1425) to amend the Patient Protection and Affordable Care Act to provide for a Improve Health Insurance Affordability Fund to provide for certain reinsurance payments to lower premiums in the individual health insurance market; providing for consideration of the bill (H.R. 5332) to amend the Fair Credit Reporting Act to ensure that consumer reporting agencies are providing fair and accurate information reporting in consumer reports, and for other purposes; providing for consideration of the bill (H.R. 7120) to hold law enforcement accountable for misconduct in court, improve transparency through data collection, and reform police training and policies; providing for consideration of the bill (H.R. 7301) to prevent evictions, foreclosures, and unsafe housing conditions resulting from the COVID-19 pandemic, and for other purposes; providing for consideration of the joint resolution (H.J. Res. 90) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to Community Reinvestment Act Regulations; and for other purposes.
Civil actions and liabilityComputer security and identity theftCongressional oversightConsumer creditConsumer Financial Protection BureauExecutive agency funding and structureGovernment information and archivesGovernment studies and investigationsLicensing and registrations

Protecting Your Credit Score Act of 2020

USA116th CongressHR-5332| House 
| Updated: 6/30/2020
Protecting Your Credit Score Act of 2020 This bill revises provisions related to consumer credit reports and credit reporting agencies. (Sec. 2) Credit reporting agencies are directed to create a central online portal that allows consumers to (1) access free credit reports and credit scores, (2) dispute errors, and (3) place or lift security freezes. (Sec. 3) Credit reporting agencies must verify specified identifying information when adding credit information to a consumer's file. Credit reporting agencies must also perform periodic audits of credit reports to ensure accuracy. (Sec. 4) A credit reporting ombudsperson, whose responsibilities include resolving persistent errors by credit reporting agencies, is established at the Consumer Financial Protection Bureau (CFPB). Credit reporting agencies must provide a consumer with additional information after an agency's reinvestigation of disputed credit information. (Sec. 5) A court may award injunctive relief to compel a credit reporting agency to comply with credit report protections. (Sec. 6) Consumers will receive a free credit score upon request and upon certain adverse credit decisions. Credit reporting agencies must provide available information to consumers regarding the purpose behind the procurement of a credit report. (Sec. 7) The bill establishes a public registry for credit reporting agencies. (Sec. 8) The bill also provides the CFPB with statutory authority for supervising credit reporting agencies. (Sec. 9) The bill gives the CFPB the authority to establish data security requirements for credit reporting agencies. (Sec. 10) The CFPB must report on the effectiveness of specified audits in addressing data security risks at credit reporting agencies. (Sec. 11) The Government Accountability Office must report on the feasibility of credit reporting agencies replacing Social Security numbers as identifiers with another type of federal identification.

Bill Text Versions

View Text
4 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 6, 2019
Introduced in House
Dec 6, 2019
Referred to the House Committee on Financial Services.
Dec 10, 2019
Committee Consideration and Mark-up Session Held.
Dec 11, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 24.
Dec 11, 2019
Committee Consideration and Mark-up Session Held.
Mar 12, 2020
Placed on the Union Calendar, Calendar No. 335.
Mar 12, 2020
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-416.
Jun 24, 2020
Rules Committee Resolution H. Res. 1017 Reported to House. Rule provides for consideration of H.R. 1425, H.R. 5332, H.R. 7120, H.R. 7301 and H.J. Res. 90. The resolution provides that the provisions of section 125(c) of the Uruguay Round Agreements Act shall not apply during the remainder of the 116th Congress and the resolution amends H.Res. 967, agreed to on May 15, 2020.
Jun 26, 2020
Considered under the provisions of rule H. Res. 1017. (consideration: CR H2559-2571)
Jun 26, 2020
Rule provides for consideration of H.R. 1425, H.R. 5332, H.R. 7120, H.R. 7301 and H.J. Res. 90. The resolution provides that the provisions of section 125(c) of the Uruguay Round Agreements Act shall not apply during the remainder of the 116th Congress and the resolution amends H.Res. 967, agreed to on May 15, 2020.
Jun 26, 2020
DEBATE - The House proceeded with one hour of debate on H.R. 5332.
Jun 26, 2020
The previous question was ordered pursuant to the rule.
Jun 26, 2020
POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule XIX, further proceedings on H.R. 5332 were postponed.
Jun 29, 2020
Considered as unfinished business. (consideration: CR H2663-2664)
Jun 29, 2020
Mr. Riggleman moved to recommit with instructions to the Committee on Financial Services. (text: CR H2663)
Jun 29, 2020
DEBATE - The House proceeded with 10 minutes of debate on the Riggleman motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to strike section 3 from the bill and insert a new section prohibiting the use of social security numbers.
Jun 29, 2020
The previous question on the motion to recommit with instructions was ordered without objection.
Jun 29, 2020
POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on the motion and by voice vote, announced that the noes had prevailed. Mr. Riggleman demanded the yeas and nays and the Chair postponed further consideration on the motion to recommit until a time to be announced.
Jun 29, 2020
Considered as unfinished business. (consideration: CR H2665-2667)
Jun 29, 2020
On motion to recommit with instructions Failed by the Yeas and Nays: 184 - 228 (Roll no. 125).
View Vote
Jun 29, 2020
On passage Passed by the Yeas and Nays: 234 - 179 (Roll no. 126). (text: 06/26/2020 CR H2559-2561)
View Vote
Jun 29, 2020
Motion to reconsider laid on the table Agreed to without objection.
Jun 30, 2020
Received in the Senate.
  • December 6, 2019
    Introduced in House
  • December 6, 2019
    Referred to the House Committee on Financial Services.
  • December 10, 2019
    Committee Consideration and Mark-up Session Held.
  • December 11, 2019
    Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 24.
  • December 11, 2019
    Committee Consideration and Mark-up Session Held.
  • March 12, 2020
    Placed on the Union Calendar, Calendar No. 335.
  • March 12, 2020
    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-416.
  • June 24, 2020
    Rules Committee Resolution H. Res. 1017 Reported to House. Rule provides for consideration of H.R. 1425, H.R. 5332, H.R. 7120, H.R. 7301 and H.J. Res. 90. The resolution provides that the provisions of section 125(c) of the Uruguay Round Agreements Act shall not apply during the remainder of the 116th Congress and the resolution amends H.Res. 967, agreed to on May 15, 2020.
  • June 26, 2020
    Considered under the provisions of rule H. Res. 1017. (consideration: CR H2559-2571)
  • June 26, 2020
    Rule provides for consideration of H.R. 1425, H.R. 5332, H.R. 7120, H.R. 7301 and H.J. Res. 90. The resolution provides that the provisions of section 125(c) of the Uruguay Round Agreements Act shall not apply during the remainder of the 116th Congress and the resolution amends H.Res. 967, agreed to on May 15, 2020.
  • June 26, 2020
    DEBATE - The House proceeded with one hour of debate on H.R. 5332.
  • June 26, 2020
    The previous question was ordered pursuant to the rule.
  • June 26, 2020
    POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule XIX, further proceedings on H.R. 5332 were postponed.
  • June 29, 2020
    Considered as unfinished business. (consideration: CR H2663-2664)
  • June 29, 2020
    Mr. Riggleman moved to recommit with instructions to the Committee on Financial Services. (text: CR H2663)
  • June 29, 2020
    DEBATE - The House proceeded with 10 minutes of debate on the Riggleman motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to strike section 3 from the bill and insert a new section prohibiting the use of social security numbers.
  • June 29, 2020
    The previous question on the motion to recommit with instructions was ordered without objection.
  • June 29, 2020
    POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on the motion and by voice vote, announced that the noes had prevailed. Mr. Riggleman demanded the yeas and nays and the Chair postponed further consideration on the motion to recommit until a time to be announced.
  • June 29, 2020
    Considered as unfinished business. (consideration: CR H2665-2667)
  • June 29, 2020
    On motion to recommit with instructions Failed by the Yeas and Nays: 184 - 228 (Roll no. 125).
    View Vote
  • June 29, 2020
    On passage Passed by the Yeas and Nays: 234 - 179 (Roll no. 126). (text: 06/26/2020 CR H2559-2561)
    View Vote
  • June 29, 2020
    Motion to reconsider laid on the table Agreed to without objection.
  • June 30, 2020
    Received in the Senate.
Josh Gottheimer

Josh Gottheimer

Democratic Representative

New Jersey

Cosponsors (1)
Tom Reed (Republican)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • HRES 116-1017: Providing for consideration of the bill (H.R. 51) to provide for the admission of the State of Washington, D.C. into the Union; providing for consideration of the bill (H.R. 1425) to amend the Patient Protection and Affordable Care Act to provide for a Improve Health Insurance Affordability Fund to provide for certain reinsurance payments to lower premiums in the individual health insurance market; providing for consideration of the bill (H.R. 5332) to amend the Fair Credit Reporting Act to ensure that consumer reporting agencies are providing fair and accurate information reporting in consumer reports, and for other purposes; providing for consideration of the bill (H.R. 7120) to hold law enforcement accountable for misconduct in court, improve transparency through data collection, and reform police training and policies; providing for consideration of the bill (H.R. 7301) to prevent evictions, foreclosures, and unsafe housing conditions resulting from the COVID-19 pandemic, and for other purposes; providing for consideration of the joint resolution (H.J. Res. 90) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to Community Reinvestment Act Regulations; and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Civil actions and liabilityComputer security and identity theftCongressional oversightConsumer creditConsumer Financial Protection BureauExecutive agency funding and structureGovernment information and archivesGovernment studies and investigationsLicensing and registrations