[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1729 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 1729

 To amend the Fair Credit Reporting Act to require consumer reporting 
agencies to notify consumers when negative information is added to the 
        consumer's file at such agency, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 2003

   Ms. Carson of Indiana (for herself, Ms. Norton, Mr. Sanders, Mr. 
Platts, Mr. Peterson of Minnesota, Mr. Lipinski, and Ms. Jackson-Lee of 
    Texas) introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend the Fair Credit Reporting Act to require consumer reporting 
agencies to notify consumers when negative information is added to the 
        consumer's file at such agency, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Negative Credit Notification Act''.

SEC. 2. MAINTENANCE OF ACCURACY IN CONSUMER REPORTS AND PREVENTION OF 
              IDENTITY THEFT.

    Section 605 of the Fair Credit Reporting Act (15 U.S.C. 1681c) is 
amended by adding at the end the following new subsection:
    ``(g) Duty to Notify of Adverse Information Included in Consumer 
File.--At or before the time any consumer reporting agency includes any 
information in a consumer file maintained by such agency that is, or 
may be construed as being, adverse to the interests of the consumer, 
the consumer reporting agency shall notify the consumer that such 
information has been included in the file, together with a brief 
description of such information sufficient to allow the consumer to 
determine the accuracy or completeness of the information so furnished 
and the source of the information.''.
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