[Congressional Record Volume 170, Number 115 (Thursday, July 11, 2024)]
[Senate]
[Pages S4692-S4693]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2358. Mr. HAGERTY (for himself and Mr. Reed) submitted an 
amendment intended to be proposed by him to the bill S. 4638, to 
authorize appropriations for fiscal year 2025 for military activities 
of the Department of Defense, for military construction, and for 
defense activities of the Department of Energy, to prescribe military 
personnel strengths for such fiscal year, and for other purposes; which 
was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. _____. TREATMENT OF PRESCREENING REPORT REQUESTS.

       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) Treatment of prescreening report requests.--
       ``(A) Definitions.--In this paragraph:
       ``(i) Credit union.--The term `credit union' means a 
     Federal credit union or a State credit union, as those terms 
     are defined in section 101 of the Federal Credit Union Act 
     (12 U.S.C 1752).
       ``(ii) Insured depository institution.--The term `insured 
     depository institution' has the meaning given the term in 
     section 3 of the Federal Deposit Insurance Act (12 U.S.C. 
     1813(c)).
       ``(iii) Residential mortgage loan.--The term `residential 
     mortgage loan' has the meaning given the term in section 1503 
     of the S.A.F.E. Mortgage Licensing Act of 2008 (12 U.S.C. 
     5102).
       ``(iv) Servicer.--The term `servicer' has the meaning given 
     the term in section 6(i) of the Real Estate Settlement 
     Procedures Act of 1974 (12 U.S.C. 2605(i)).
       ``(B) Limitation.--If a person requests a consumer report 
     from a consumer reporting agency in connection with a credit 
     transaction involving a residential mortgage loan,

[[Page S4693]]

     that agency may not, based in whole or in part on that 
     request, furnish a consumer report to another person under 
     this subsection unless that other person--
       ``(i) has submitted documentation to that agency certifying 
     that such other person has, pursuant to paragraph (1)(A), the 
     authorization of the consumer to whom the consumer report 
     relates; or
       ``(ii)(I) has originated a current residential mortgage 
     loan of the consumer to whom the consumer report relates;
       ``(II) is the servicer of a current residential mortgage 
     loan of the consumer to whom the consumer report relates; or
       ``(III)(aa) is an insured depository institution or credit 
     union; and
       ``(bb) holds a current account for the consumer to whom the 
     consumer report relates.''.
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