The record

LegislationLegislation· Dec 2024
S 3502

Sponsored by Jack Reed (D)

Homebuyers Privacy Protection Act

Would have required home buyers' consent before credit bureaus share their credit reports under the Fair Credit Reporting Act (FCRA).

Tradeoff

Would have let a buyer's current lender, servicer, or bank still pull the credit report without new consent. Would have required other companies to show proof of the buyer's consent first.

What's in it

See official bill text

The Senate passed this bill by on December 17, 2024. The House never voted on it, and the bill expired with the 118th Congress.

  1. Senate

    Introduced

    (Dec 13, 2023)

  2. Senate

    Committee on Banking, Housing, and Urban Affairs(Dec 13, 2023)

  3. Senate · Amended

    Senator Reed's

    Agreed to by (S.Amdt. 3339 · Dec 17, 2024)

    Bars agencies from furnishing prescreening reports based in whole or in part on a mortgage request, and defines credit union to include Federal and State credit unions.

    No individual votes were recorded.

  4. Senate

    Passage of the bill

    Passed by (Dec 17, 2024)

    No individual votes were recorded.

  5. Senate

    Taken away from the Committee on Banking, Housing, and Urban Affairs

    Discharged(Dec 17, 2024)

  6. House

    Received from the Senate

    Received(Dec 18, 2024)