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![handle is hein.congrecreports/crptxacyv0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Op
116TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 116-363
IMPROVING CREDIT REPORTING FOR ALL CONSUMERS
ACT
DECEMBER 23, 2019.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Ms. WATERS, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 3642]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 3642) to amend the Fair Credit Reporting Act to fix the
consumer report dispute process, to ban misleading and unfair con-
sumer reporting practices, and for other purposes, having consid-
ered the same, report favorably thereon with an amendment and
recommend that the bill as amended do pass.
CONTENTS
Page
P urpose an d Sum m ary ............................................................................................ 23
Background and Need for Legislation .................................................................... 24
Section-by-Section A nalysis .................................................................................... 26
H e arin g s ................................................................................................................... 2 9
C om m ittee C onsideration ........................................................................................ 30
C om m ittee V otes ...................................................................................................... 30
Statement of Oversight Findings and Recommendations of the Committee ...... 32
Statement of Performance Goals and Objectives .................................................. 32
New Budget Authority and CBO Cost Estimate ................................................... 32
Com m ittee Cost E stim ate ....................................................................................... 36
U nfunded M andate Statem ent ............................................................................... 36
A dvisory C om m ittee ................................................................................................ 36
Application of Law to the Legislative Branch ....................................................... 36
E arm ark Statem ent ................................................................................................. 36
Duplication of Federal Program s ............................................................................ 37
Changes to E xisting L aw ........................................................................................ 37
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