[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2753 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 2753

  To amend the Fair Credit Reporting Act to require certain consumer 
 reporting agencies to include a credit score when providing consumers 
                  with a free annual consumer report.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 15, 2019

 Mrs. Beatty introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To amend the Fair Credit Reporting Act to require certain consumer 
 reporting agencies to include a credit score when providing consumers 
                  with a free annual consumer report.

    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 ``Free Credit Score Act of 2019''.

SEC. 2. INCLUSION OF CREDIT SCORE WITH FREE ANNUAL REPORT.

    The Fair Credit Reporting Act (15 U.S.C. 1681 et seq.) is amended--
            (1) in section 609(a)(1)(B), by inserting before the period 
        the following: ``, except as required under section 
        612(a)(1)(D)''; and
            (2) in section 612(a)(1), by adding at the end the 
        following:
                    ``(D) Inclusion of credit score.--
                            ``(i) In general.--A consumer reporting 
                        agency that provides a consumer report to a 
                        consumer pursuant to subparagraph (A) shall 
                        also provide such consumer with--
                                    ``(I) an explanation of how credit 
                                scores are calculated, including 
                                factors considered in credit scoring 
                                calculations; and
                                    ``(II) a credit score (as defined 
                                under section 609(f)).
                            ``(ii) Rulemaking.--The Bureau shall issue 
                        rules--
                                    ``(I) to provide minimum criteria 
                                for explanations described under clause 
                                (i)(I); and
                                    ``(II) to require a credit score 
                                provided by a consumer reporting agency 
                                pursuant to clause (i) to be similar to 
                                the types of credit scores most 
                                commonly used by creditors.''.
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