This legislation significantly amends the Fair Credit Reporting Act (FCRA) to restrict the use of consumer credit information in employment decisions. Its primary purpose is to prohibit employers from using consumer reports that bear on an individual's creditworthiness, credit standing, or credit capacity for employment purposes or when taking adverse employment actions. This prohibition applies to both prospective and current employees, regardless of whether the individual consents to the credit check. The bill establishes narrow exceptions where credit checks may still be utilized. These exceptions include employment that requires national security clearance or situations where the use of such reports is otherwise required by law . Even in these exceptional cases, the consumer must authorize the procurement of the report, and employers cannot deny employment solely because a consumer did not authorize a credit check if it falls outside the permitted exceptions. The legislation also mandates that consumer reporting agencies generally cannot furnish credit-related reports to employers for adverse employment decisions, reinforcing the overall prohibition. It includes numerous conforming amendments to update cross-references within the FCRA, ensuring consistency with the new restrictions on credit report usage in employment.