,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #eddf  ,,in ,,the ,,house ,,of  
,,representatives  ,september #aj1 #bjad
 ,mr4 ,royce 7for himself and ,mr4      
,hinojosa7 introduced the following     
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to amend the ,credit ,repair   
,organizations ,act to exempt certain   
consumer reporting agencies1 and for    
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,facilitating  
,access to ,credit ,act of #bjad4  #b4  
,treatment of certain consumer reporting
 agencies ,the ,credit ,repair          
,organizations ,act 7#ae ,u4,s4,c4 #afgi
 et seq47 is amended--  7#a7 in section 
#djc7c77;,b7--  7,a7 in clause 7ii71 by 
striking or at the end2  7,b7 in clause 
7iii71 by striking the period and       
inserting 2 or2 and  7,c7 by adding at  
the end the following3  7iv7 any        
consumer reporting agency--  7,i7       
described under section #fjc7p7 of the  
,fair ,credit ,reporting ,act1 or any   

affiliate or subsidiary of such a       
consumer reporting agency2 or  7,,ii7   
described under section #fjc7;f7 of the 
,fair ,credit ,reporting ,act1 or any   
affiliate or subsidiary of such a       
consumer reporting agency1 if such      
consumer reporting agency is subject to 
supervision and examination by the      
,bureau of ,consumer ,financial         
,protection pursuant to section         
#ajbd7;a77#a77;,b7 of the ,consumer     
,financial ,protection ,act of #bjaj4  2
 and  7#b7 in section #dab--  7,a7 by   
striking ,this title and inserting the  
following3  7a7 ,in general ,this title 
2 and  7,b7 by adding at the end the    
following3  7b7 ,exemption for entities 
that are not credit repair organizations
 ,notwithstanding subsection 7a71 this  
title supersedes any law or regulation  
of any ,state with respect to the       
subject matter of this ,act to the      
extent that the ,state law or regulation
 would apply to any person described in 
section #djc7c77;,b74  4  #c4 ,,ftc     

,study  7a7 ,study ,the ,federal ,trade 
,commission shall conduct a study to    
determine whether1 in addition to those 
persons listed under section            
#djc7c77;,b7 of the ,credit ,repair     
,organizations ,act1 any other person   
should be exempt from the ,credit       
,repair ,organizations ,act4  7b7       
,report ,not later than one year after  
the date of enactment of this ,act1 the 
,chairman of the ,federal ,trade        
,commission shall submit a report to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs of the ,senate and the  
,committee on ,financial ,services of   
the ,house of ,representatives          
containing a detailed summary of the    
findings and conclusions of the study   
under this section1 together with such  
recommendations for legislative or      
administrative actions as may be        
appropriate4