[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5720 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 5720

  To amend the Fair Credit Reporting Act to prohibit the creation and 
             sale of trigger leads, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 30, 2020

   Mr. Clay introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 A BILL


 
  To amend the Fair Credit Reporting Act to prohibit the creation and 
             sale of trigger leads, 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. TRIGGER LEAD PROHIBITION.

    Section 604(c) of the Fair Credit Reporting Act (15 U.S.C. 
1681b(c)) is amended by adding at the end the following:
            ``(4) Prohibition on trigger leads for residential mortgage 
        loans.--Notwithstanding paragraph (1), no consumer reporting 
        agency may furnish a consumer report in connection with a 
        credit transaction that is not initiated by a consumer, if the 
        report is being procured based in whole or in part on the 
        presence of an inquiry made in connection with a residential 
        mortgage loan (as defined under section 103 of the Truth in 
        Lending Act (15 U.S.C. 1602)).''.
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