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Disaster Protection for Workers’ Credit Act

USA116th CongressHR-6370| House 
| Updated: 3/23/2020
Brad Sherman

Brad Sherman

Democratic Representative

California

Cosponsors (14)
Dwight Evans (Democratic)Al Lawson (Democratic)James R. Langevin (Democratic)David N. Cicilline (Democratic)Carolyn B. Maloney (Democratic)J. Luis Correa (Democratic)Steve Cohen (Democratic)Wm. Lacy Clay (Democratic)Ted Lieu (Democratic)Al Green (Democratic)Eleanor Holmes Norton (Democratic)Maxine Waters (Democratic)Suzanne Bonamici (Democratic)Jesús G. "Chuy" García (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Disaster Protection for Workers' Credit Act This bill provides credit protections to consumers during the COVID-19 (i.e., coronavirus disease 2019) outbreak and other major disasters. The bill generally prohibits furnishers of credit information from reporting adverse credit information that is the result of any inaction or action that occurred during the COVID-19 outbreak. It also prohibits any such reporting regarding a consumer who resides in an area covered by a major disaster declaration. Additionally, medical debt related to the COVID-19 outbreak or a major disaster may not be reported to a consumer reporting agency regardless of when the expenses were incurred. Credit reporting agencies are prohibited from including in a credit report any such adverse credit information. The Consumer Financial Protection Bureau must create a website that allows consumers to report economic hardship as a result of the COVID-19 outbreak or a major disaster. Consumers may request the deletion of adverse credit information and request an extension of certain credit protections. Credit reporting agencies must provide unlimited free credit reports and free credit scores upon request (1) during the COVID-19 outbreak or a major disaster, and (2) for a year afterwards. The bill places restrictions on new credit scoring models created or implemented during the COVID-19 outbreak or a major disaster.
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Timeline
Mar 17, 2020

Latest Companion Bill Action

S 116-3508
Introduced in Senate
Mar 23, 2020
Introduced in House
Mar 23, 2020
Referred to the House Committee on Financial Services.
  • March 17, 2020

    Latest Companion Bill Action

    S 116-3508
    Introduced in Senate


  • March 23, 2020
    Introduced in House


  • March 23, 2020
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • S 116-3508: Disaster Protection for Workers’ Credit Act of 2020
  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-6800: The Heroes Act
  • HR 116-6321: Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
Cardiovascular and respiratory healthConsumer creditDisaster relief and insuranceEconomic performance and conditionsEmergency medical services and trauma careGovernment information and archivesHealth care costs and insuranceInfectious and parasitic diseases

Disaster Protection for Workers’ Credit Act

USA116th CongressHR-6370| House 
| Updated: 3/23/2020
Disaster Protection for Workers' Credit Act This bill provides credit protections to consumers during the COVID-19 (i.e., coronavirus disease 2019) outbreak and other major disasters. The bill generally prohibits furnishers of credit information from reporting adverse credit information that is the result of any inaction or action that occurred during the COVID-19 outbreak. It also prohibits any such reporting regarding a consumer who resides in an area covered by a major disaster declaration. Additionally, medical debt related to the COVID-19 outbreak or a major disaster may not be reported to a consumer reporting agency regardless of when the expenses were incurred. Credit reporting agencies are prohibited from including in a credit report any such adverse credit information. The Consumer Financial Protection Bureau must create a website that allows consumers to report economic hardship as a result of the COVID-19 outbreak or a major disaster. Consumers may request the deletion of adverse credit information and request an extension of certain credit protections. Credit reporting agencies must provide unlimited free credit reports and free credit scores upon request (1) during the COVID-19 outbreak or a major disaster, and (2) for a year afterwards. The bill places restrictions on new credit scoring models created or implemented during the COVID-19 outbreak or a major disaster.
View Full Text

Suggested Questions

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

Timeline
Mar 17, 2020

Latest Companion Bill Action

S 116-3508
Introduced in Senate
Mar 23, 2020
Introduced in House
Mar 23, 2020
Referred to the House Committee on Financial Services.
  • March 17, 2020

    Latest Companion Bill Action

    S 116-3508
    Introduced in Senate


  • March 23, 2020
    Introduced in House


  • March 23, 2020
    Referred to the House Committee on Financial Services.
Brad Sherman

Brad Sherman

Democratic Representative

California

Cosponsors (14)
Dwight Evans (Democratic)Al Lawson (Democratic)James R. Langevin (Democratic)David N. Cicilline (Democratic)Carolyn B. Maloney (Democratic)J. Luis Correa (Democratic)Steve Cohen (Democratic)Wm. Lacy Clay (Democratic)Ted Lieu (Democratic)Al Green (Democratic)Eleanor Holmes Norton (Democratic)Maxine Waters (Democratic)Suzanne Bonamici (Democratic)Jesús G. "Chuy" García (Democratic)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 116-3508: Disaster Protection for Workers’ Credit Act of 2020
  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-6800: The Heroes Act
  • HR 116-6321: Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Cardiovascular and respiratory healthConsumer creditDisaster relief and insuranceEconomic performance and conditionsEmergency medical services and trauma careGovernment information and archivesHealth care costs and insuranceInfectious and parasitic diseases