3.0.0 2362 2023-01-11T13:38:51Z 2023-01-11T13:38:51Z Senate S 2018-01-30 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2018-07-12T14:00:40Z Referred to 2018-01-30T21:02:56Z 2018-07-12 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2018-01-30 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S582-583) IntroReferral 2018-01-30 Introduced in Senate IntroReferral 10000 9 Library of Congress R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. N Finance and Financial Sector Computer security and identity theft Congressional oversight Consumer credit Credit and credit markets Government studies and investigations Finance and Financial Sector 00 2018-01-30 Introduced in Senate 2018-09-18T21:34:16Z Control Your Personal Credit Information Act of 2018

This bill amends the Fair Credit Reporting Act to require a consumer's affirmative written consent before a consumer reporting agency may share that consumer's report with third parties for specified purposes. A consumer must provide proper identification when giving this consent. (Currently, this sharing is generally allowed unless a consumer opts out.)

If the consumer provides consent, a consumer reporting agency may share information with a third party for:

  • an extension of credit, or
  • the underwriting of insurance.

A consumer reporting agency may provide a consumer report in connection with transactions not initiated by the consumer only if:

  • the consumer provides affirmative consent, and
  • the transaction consists of a firm offer of credit or insurance.

The Government Accountability Office must report on how best to protect information collected in consumer files.

Consumer reporting agencies may not charge consumers fees in connection with furnishing consumer reports.

The bill requires consumer reporting agencies to use reasonable efforts to prevent data breaches of consumer reports.

]]> Control Your Personal Credit Information Act of 2018 Display Title Control Your Personal Credit Information Act of 2018 Official Title as Introduced A bill to amend the Fair Credit Reporting Act to require that a consumer authorize the release of certain information. Introduced in Senate IS Short Titles as Introduced Control Your Personal Credit Information Act of 2018 Introduced in Senate 2018-01-30T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2362is/xml/BILLS-115s2362is.xml 2018-07-12 Committee on Banking, Housing, and Urban Affairs. Hearings held. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.