[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3247 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 3247

    To amend the Fair Credit Reporting Act with respect to fair and 
                   reasonable fees for credit scores.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 22, 2010

      Mr. Udall of Colorado (for himself, Mr. Lugar, Mr. Brown of 
Massachusetts, Mrs. Hagan, Mr. Levin, Mr. Lieberman, Mr. Menendez, Ms. 
 Klobuchar, Mrs. Shaheen, and Mr. Udall of New Mexico) introduced the 
 following bill; which was read twice and referred to the Committee on 
                  Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
    To amend the Fair Credit Reporting Act with respect to fair and 
                   reasonable fees for credit scores.

    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 ``Fair Access to Credit Scores Act of 
2010''.

SEC. 2. REPEAL OF CREDIT SCORE DISCLOSURE FEES.

    Section 609(f)(8) of the Fair Credit Reporting Act (15 U.S.C. 
1681g(f)(8)) is amended to read as follows:
            ``(8) Free annual credit score.--
                    ``(A) In general.--Section 612(a) shall apply to 
                each consumer reporting agency described in subsections 
                (p) and (w) of section 603 in making disclosures 
                pursuant to this subsection.
                    ``(B) Reasonable fees.--Other than with respect to 
                a free annual disclosure, as provided in subparagraph 
                (A) and section 612(a), a consumer reporting agency may 
                charge a fair and reasonable fee, as determined by the 
                Commission, for providing the information required 
                under this subsection.''.

SEC. 3. CONFORMING AMENDMENT.

    Section 612(a)(1)(A) of the Fair Credit Reporting Act (15 U.S.C. 
1681j(a)(1)(A)) is amended by inserting ``, including disclosure of a 
credit score under section 609(f)(8),'' before ``once''.
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