Credit Access and Inclusion Act of 2025
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Overview
This bill, the Credit Access and Inclusion Act of 2025, amends the Fair Credit Reporting Act to allow for the reporting of positive consumer credit information, such as on-time payments for rent, utilities, and telecommunications services, to consumer reporting agencies. Specifically, energy utility firms are restricted in reporting outstanding balances if a payment plan is in place and the consumer is meeting their obligations. The bill also directs the Government Accountability Office to study the impact of this reporting on consumers.
Key provisions
- Allows reporting of on-time payments for rent, utilities, and telecommunications services to consumer reporting agencies.
- Defines ‘energy utility firm’ and ‘utility or telecommunication firm’ for the purpose of reporting.
- Limits reporting of utility usage to payment-related information or service terms.
- Prohibits energy utility firms from reporting outstanding balances as late if a payment plan is in place and the consumer is compliant.
- Requires the GAO to report on the impact of this reporting on consumers.
Who is affected
- Consumers
- Consumer Reporting Agencies
- Energy Utility Firms
- Housing and Urban Development (HUD)
- Telecommunications Companies
Notable changes
- Expands the types of positive credit information that can be reported.
Bill text
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Sponsors
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5 on record
Primary sponsor
Cosponsors
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