About the bill
But would provisions allowing consumers to challenge their credit score open the door to the removal of negative but accurate information?
There are three nationwide credit reporting agencies: Equifax, Experian, and TransUnion. These three for-profit companies calculate your credit score based on your personal finances and payment history. That credit score in turn can affect your ability to rent a house or apartment, buy a car, purchase insurance, or take out a credit card.
But all three companies use different formulas for determining your credit score, have different websites for obtaining your own score, and often charge customers to find out what their score is.
What the bill does
The Protecting Your Credit Score Act would direct the three credit bureaus to create a central online website, which would ...
Sponsor and status
Sponsor. Representative for New Jersey's 5th congressional district. Democrat.
Last Updated: Jun 30, 2020
Length: 25 pages
116th Congress (2019–2021)
This bill was introduced in a previous session of Congress and was passed by the House on June 29, 2020 but was never passed by the Senate.
Statement of Administration Policy
What legislators are saying
“Gottheimer Bill Passes House to Create New Online Credit Portal to Protect from Fraud, Increase Transparency, Strengthen Americans’ Financial Futures”
— Rep. Josh Gottheimer [D-NJ5] (Sponsor) on Jun 29, 2020
What stakeholders are saying
H.R. 5332 (116th) was 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.
Bills numbers restart every two years. That means there are other bills with the number H.R. 5332. This is the one from the 116th Congress.
This bill was introduced in the 116th Congress, which met from Jan 3, 2019 to Jan 3, 2021. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2021). H.R. 5332 — 116th Congress: Protecting Your Credit Score Act of 2020. Retrieved from https://www.govtrack.us/congress/bills/116/hr5332
“H.R. 5332 — 116th Congress: Protecting Your Credit Score Act of 2020.” www.GovTrack.us. 2019. June 16, 2021 <https://www.govtrack.us/congress/bills/116/hr5332>
Protecting Your Credit Score Act of 2020, H.R. 5332, 116th Cong. (2019).
|title=H.R. 5332 (116th)
|accessdate=June 16, 2021
|author=116th Congress (2019)
|date=December 6, 2019
|quote=Protecting Your Credit Score Act of 2020
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.