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Bill116th CongressFiled Dec 6, 2019Finance and Financial Sector
H.R. 5332

Protecting Your Credit Score Act of 2020

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house (Jun 29, 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.

What just happenedJun 30, 2020

Received in the Senate.

Who’s behind it

Rep. Gottheimer, Josh [D-NJ-5](D-NJ)Sponsor
1 cosponsor1 R
Read on Congress.gov
1cosponsors1committees26actions1amendments1related bills9subjects
  1. Jun 30, 2020IntroReferral

    Received in the Senate.

  2. Jun 29, 2020FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Jun 29, 2020FloorH37100

    On passage Passed by the Yeas and Nays: 234 - 179 (Roll no. 126). (text: 06/26/2020 CR H2559-2561)

  4. Jun 29, 2020Floor8000

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 234 - 179 (Roll no. 126).

  5. Jun 29, 2020FloorH36110

    On motion to recommit with instructions Failed by the Yeas and Nays: 184 - 228 (Roll no. 125).

    Financial Services Committee
  6. Jun 29, 2020FloorH30000

    Considered as unfinished business. (consideration: CR H2665-2667)

  7. Jun 29, 2020FloorH8D000

    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.

  8. Jun 29, 2020FloorH8A000

    The previous question on the motion to recommit with instructions was ordered without objection.

  9. Jun 29, 2020FloorH8D000

    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.

  10. Jun 29, 2020FloorH36100

    Mr. Riggleman moved to recommit with instructions to the Committee on Financial Services. (text: CR H2663)

    Financial Services Committee
  11. Jun 29, 2020FloorH30000

    Considered as unfinished business. (consideration: CR H2663-2664)

  12. Jun 26, 2020FloorH8D000

    POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule XIX, further proceedings on H.R. 5332 were postponed.

  13. Jun 26, 2020FloorH35000

    The previous question was ordered pursuant to the rule.

  14. Jun 26, 2020FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 5332.

  15. Jun 26, 2020FloorH8D000

    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.

  16. Jun 26, 2020FloorH30000

    Considered under the provisions of rule H. Res. 1017. (consideration: CR H2559-2571)

  17. Jun 24, 2020FloorH1L210

    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.

  18. Mar 12, 2020CalendarsH12410

    Placed on the Union Calendar, Calendar No. 335.

  19. Mar 12, 2020CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-416.

    Financial Services Committee
  20. Mar 12, 2020Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-416.

    Financial Services Committee
  21. Dec 11, 2019Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 24.

    Financial Services Committee
  22. Dec 11, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  23. Dec 10, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  24. Dec 6, 2019IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  25. Dec 6, 2019IntroReferralIntro-H

    Introduced in House

  26. Dec 6, 2019IntroReferral1000

    Introduced in House

Passed HouseJun 29, 202053

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.

Reported to HouseMar 12, 20207

Protecting Your Credit Score Act of 2019

This bill revises provisions related to consumer credit reports and credit reporting agencies.

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.

Consumers will receive a free credit score when requesting a free annual credit report.

The bill establishes a public registry for credit reporting agencies. The bill also provides the Consumer Financial Protection Bureau (CFPB) with statutory authority for supervising credit reporting agencies.

A credit reporting ombudsperson is established at the CFPB, whose responsibilities include resolving persistent errors by credit reporting agencies.

A court may award injunctive relief to compel a credit reporting agency to comply with credit report protections.

Credit reporting agencies must provide available information to consumers regarding the purpose behind the procurement of a credit report.

The bill gives the CFPB the authority to establish data security requirements for credit reporting agencies.

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.

Introduced in HouseDec 6, 2019

Protecting Your Credit Score Act of 2019

This bill revises provisions related to consumer credit reports and credit reporting agencies.

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.

Consumers will receive a free credit score when requesting a free annual credit report.

The bill establishes a public registry for credit reporting agencies. The bill also provides the Consumer Financial Protection Bureau (CFPB) with statutory authority for supervising credit reporting agencies.

A credit reporting ombudsperson is established at the CFPB, whose responsibilities include resolving persistent errors by credit reporting agencies.

A court may award injunctive relief to compel a credit reporting agency to comply with credit report protections.

Credit reporting agencies must provide available information to consumers regarding the purpose behind the procurement of a credit report.

The bill gives the CFPB the authority to establish data security requirements for credit reporting agencies.

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.

Protecting Your Credit Score Act of 2020 — Informed