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H.R. 3629: Clarity in Credit Score Formation Act of 2019

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To amend the Fair Credit Reporting Act to establish clear Federal oversight of the development of credit scoring models by the Bureau of Consumer Financial Protection, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Stephen Lynch

Sponsor. Representative for Massachusetts's 8th congressional district. Democrat.

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Last Updated: Jul 9, 2019
Length: 7 pages
Introduced
Jul 9, 2019
Status

Ordered Reported on Jul 16, 2019

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on July 16, 2019.

Prognosis
3% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What legislators are saying

RELEASE: Fleischmann Reintroduces Bonuses for Cost-Cutters Act
    — Rep. Charles “Chuck” Fleischmann [R-TN3] on Jan 10, 2017

Boehner Statement on House Passage of VA Management Accountability Act
    — Rep. John Boehner [R-OH8, 1991-2015] on May 21, 2014

More statements at ProPublica Represent...

What stakeholders are saying

Institute for Spending Reform SpendingTracker.org estimates H.R. 3629 will add $10 million in new spending through 2029.

History

Jul 9, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jul 16, 2019
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

If this bill has further action, the following steps may occur next:
 
Passed House

 
Passed Senate

 
Signed by the President

H.R. 3629 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 3629 — 116th Congress: Clarity in Credit Score Formation Act of 2019.” www.GovTrack.us. 2019. October 21, 2019 <https://www.govtrack.us/congress/bills/116/hr3629>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.