US Congress House Bill 347 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 12-4)
Status: Introduced on January 14 2015 - 25% progression, died in chamber
Action: 2016-09-27 - Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Text: Latest bill text (Introduced) [PDF]

Facilitating Access to Credit Act of 2015 Amends the Credit Repair Organizations Act to exempt from its coverage any consumer reporting agency (or affiliate or subsidiary) described under the Fair Credit Reporting Act as: one that compiles and maintains files on consumers on a nationwide basis; or any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers in order to furnish consumer reports to third parties, if the person is subject to supervision and examination by the Consumer Financial Protection Bureau. Preempts state law and regulations concerning a credit repair organization to the extent they would apply to consumer reporting agencies subject to this Act. Directs the Federal Trade Commission to study whether, in addition to these persons, any other person should be exempt from the Credit Repair Organizations Act.

Facilitating Access to Credit Act of 2015

Rep. Edward Royce [R-CA]	Rep. Ruben Hinojosa [D-TX]	Rep. Lacy Clay [D-MO]	Rep. Mimi Walters [R-CA]
Rep. Denny Heck [D-WA]	Rep. Michael Capuano [D-MA]	Sen. Markwayne Mullin [R-OK]	Rep. Steve Stivers [R-OH]
Rep. Robert Pittenger [R-NC]	Rep. Pete Sessions [R-TX]	Rep. Roger Williams [R-TX]	Rep. Stevan Pearce [R-NM]
Rep. Bill Posey [R-FL]	Rep. Ann Wagner [R-MO]	Rep. French Hill [R-AR]	Rep. Eric Crawford [R-AR]

Date	Chamber	Action
2016-09-27	House	Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
2015-01-14	House	Referred to the House Committee on Financial Services.
2015-01-14	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/347/all-info
Text	https://www.congress.gov/114/bills/hr347/BILLS-114hr347ih.pdf