[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 3633 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 3633

  To require that consumer reporting agencies provide small business 
                          credit protections.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 15, 2018

Mr. Rubio (for himself and Mr. Kennedy) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
  To require that consumer reporting agencies provide small business 
                          credit protections.

    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 ``Small Business Credit Protection 
Act''.

SEC. 2. CONSUMER REPORTING AGENCIES.

    (a) Definitions.--In this section:
            (1) Consumer reporting agency.--The term ``consumer 
        reporting agency'' has the meaning given the term in section 
        603 of the Fair Credit Reporting Act (15 U.S.C. 1681a).
            (2) Small business concern.--The term ``small business 
        concern'' has the meaning given the term in section 3 of the 
        Small Business Act (15 U.S.C. 632).
    (b) Requirements.--A consumer reporting agency--
            (1) shall disclose to a small business concern within 30 
        days if their nonpublic business data has been breached; and
            (2) may not charge a small business concern for their 
        credit report within 180 days following a breach.
    (c) No Preemption.--Nothing in this Act shall preempt any State law 
with respect to consumer reporting agencies.
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