,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #bgbb  ,,in ,,the ,,house ,,of  
,,representatives  ,july #ah1 #bjac ,mr4
 ,ellison 7for himself and ,mr4         
,renacci7 introduced the following bill2
 which was referred to the ,committee on
 ,ways and ,means  ,a ,,bill  ,to       
prohibit the ,secretary of ,labor from  
enforcing any requirement that consumer 
reporting agencies that serve only as a 
secure conduit to data from ,state      
unemployment compensation agencies      
obtain and maintain an individual's     
informed consent agreement when         
verifying income and employment with    
such agencies1 and for other purposes4  
#a4 ,short title ,this ,act may be cited
 as the ,ability to ,repay ,verification
 ,enabling ,act4  #b4 ,findings         
,congress finds the following3  7#a7    
,economic growth requires access to     
affordable credit which depends on      
consumers' ability to understand the    
terms of any loans they make and the    
ability of lenders to have an           

understanding of the consumers' ability 
and willingness to repay loans4  7#b7   
,new laws enacted by ,congress require  
lenders to ascertain borrowers'         
willingness and ability to repay prior  
to making a loan4  7#c7 ,lenders and    
consumers receive benefits such as      
quicker approval1 lower interest rates1 
protection of privacy1 and stronger     
anti-fraud protections from automatic   
underwriting utilizing existing         
databases4  7#d7 ,eleven ,states        
7,alabama1 ,california1 ,florida1       
,georgia1 ,indiana1 ,louisiana1         
,missouri1 ,new ,york1 ,ohio1 ,oregon1  
and ,virginia7 passed enabling          
legislation or rules enabling consumers 
who request that third parties using    
consumer report information for purposes
 of eligibility determination have      
efficient access to this information    
from the ,state's unemployment insurance
 database4  7#e7 ,fair ,credit          
,reporting ,act requirements already    
require third parties using consumer    

report information for purposes of      
eligibility determination to obtain and 
maintain consent agreements4  #c4       
,prohibition on requirement for onward  
transfer of consent agreements          
,notwithstanding any other provision of 
law1 the ,secretary of ,labor may not-- 
7#a7 take any action to implement or    
enforce the requirement described in the
 ,unemployment ,insurance ,program      
,letter ,no4 #ai-ab1 dated ,may #bc1    
#bjab1 that a third-party consumer      
reporting agency that serves only as a  
secure conduit to data from ,state      
unemployment compensation agencies and  
that is not an agent of an individual   
obtain and maintain an informed consent 
agreement from such individual if the   
third-party consumer reporting agency   
seeks to obtain confidential            
unemployment compensation information   
with respect to such individual from a  
,state2 or  7#b7 issue1 implement1      
administer1 or enforce any rule or other
 guidance that is the same as1 or       

similar in effect to1 the requirement   
described in paragraph 7#a74