HR 3854
Small Business Credit Protection Act of 2021
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Bill overview
The Small Business Credit Protection Act of 2021 aims to protect small businesses from the financial impact of data breaches by credit reporting companies. It requires credit reporting companies to promptly report breaches of small business data to the relevant state authorities and prohibits them from charging small businesses for credit reports following a breach. Additionally, the bill directs the Government Accountability Office to investigate and report on the economic harm caused by these breaches to small businesses.
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