119-hr5402

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5402 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
 H. R. 5402

 To amend the Fair Credit Reporting Act to clarify Federal law with 
 respect to reporting certain full-file consumer credit information to 
 consumer reporting agencies, and for other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 September 16, 2025

 Mrs. Kim (for herself and Ms. Bynum) introduced the following bill; 
 which was referred to the Committee on Financial Services

_______________________________________________________________________

 A BILL

 To amend the Fair Credit Reporting Act to clarify Federal law with 
 respect to reporting certain full-file consumer credit information to 
 consumer reporting agencies, 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. SHORT TITLE.

 This Act may be cited as the ``Credit Access and Inclusion Act of 
2025''.

SEC. 2. FULL-FILE REPORTING PERMITTED.

    (a) In General.--

Section 623 of the Fair Credit Reporting Act (15 
U.S.C. 1681s-2) is amended by adding at the end the following:
 ``

    (f) Full-File Credit Reporting.--
 ``

    (1) === Definitions. ===
-In this subsection:
 ``
        (A) Energy utility firm.--The term `energy 
 utility firm' means an entity that provides gas or 
 electric utility services to the public.
 ``
        (B) Utility or telecommunication firm.--The term 
 `utility or telecommunication firm' means an entity 
 that provides utility services to the public through 
 pipe, wire, landline, wireless, cable, or other 
 connected facilities, or radio, electronic, or similar 
 transmission (including the extension of such 
 facilities).
 ``

    (2) Information relating to lease agreements, utilities, 
 and telecommunications services.--Subject to the limitations in 
 paragraph

    (3) , and notwithstanding any other provision of law, 
 a person or the Secretary of Housing and Urban Development may 
 furnish to a consumer reporting agency information relating to 
 the performance of a consumer in making payments--
 ``
        (A) under a lease agreement with respect to a 
 dwelling, including such a lease in which the 
 Department of Housing and Urban Development provides 
 subsidized payments for occupancy in a dwelling; or
 ``
        (B) pursuant to a contract for a utility or 
 telecommunications service.
 ``

    (3) Limitation.--Information about the usage by a 
 consumer of any utility service provided by a utility or 
 telecommunication firm may be furnished to a consumer reporting 
 agency only to the extent that the information relates to the 
 payment by the consumer for the service of the utility or 
 telecommunication service or other terms of the provision of 
 the services to the consumer, including any deposit, discount, 
 or conditions for interruption or termination of the service.
 ``

    (4) Payment plan.--An energy utility firm may not report 
 payment information to a consumer reporting agency with respect 
 to an outstanding balance of a consumer as late if--
 ``
        (A) the energy utility firm and the consumer have 
 entered into a payment plan (including a deferred 
 payment agreement, an arrearage management program, or 
 a debt forgiveness program) with respect to such 
 outstanding balance; and
 ``
        (B) the consumer is meeting the obligations of 
 the payment plan, as determined by the energy utility 
 firm.
 ``

    (5) Opt-out.--A consumer may opt-out of the furnishing of 
 the information described in paragraph

    (2) by submitting a 
 written request to the furnisher of such information.''.

    (b) Limitation on Liability.--

Section 623
            (c) of the Fair Credit 
Reporting Act (15 U.S.C. 1681s-2
            (c) ) is amended--

    (1) in paragraph

    (2) , by striking ``or'' at the end;

    (2) by redesignating paragraph

    (3) as paragraph

    (4) ; and

    (3) by inserting after paragraph

    (2) the following:
 ``

    (3) subsection

    (f) of this section, including any 
 regulations issued thereunder; or''.
            (c) GAO Study and Report.--Not later than 2 years after the date of 
the enactment of this Act, the Comptroller General of the United States 
shall submit to the Congress a report--

    (1) on the impact that furnishing information pursuant to 
 subsection

    (f) of 

section 623 of the Fair Credit Reporting Act 
 (15 U.S.C. 1681s-2), as added by subsection

    (a) of this 
 section, has had on consumers; and

    (2) that analyzes the effect on consumer credit scores of 
 reporting consumer cash flow data to consumer credit agencies.
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