,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bbbd  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #i1 #bjad,mr4   
,s*atz 7= himself1 ,mr4 ,br[n1 ,ms4     
,w>r51 ,mr4 ,s&]s1 & ,mr4 ,blum5?al7    
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to enhance ! accuracy ( cr$it  
report+ & provide great] rights to      
consum]s :o dispute errors 9 _! cr$it   
reports1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,/op    
,errors 9 ,cr$it ,use & ,report+ ,act or
 ! ,,secure ,act4  #b4 ,legal rec\rse = 
consum]s  7a7 ,injunctive relief ,!     
,fair ,cr$it ,report+ ,act 7#ae         
,u4,s4,c4 #afha et seq47 is am5d$-- 7#a7
 9 section #faf-- 7,a7 9 subsection 7a71
 by /rik+ 7a7 ,9 g5]al4-- & ins]t+ 7a7  
,damages4--2  7,b7 by r$esignat+        
subsections 7c7 & 7d7 z subsections 7d7 
& 7e71 respectively2 &  7,c7 by ins]t+  
aft] subsection 7b7 ! foll[+3  7c7      
,injunctive relief ,9 addition to any   

o!r rem$y set =? 9 ?is section1 a c\rt  
may aw>d injunctive relief to require   
compliance ) ! requirem5ts impos$ "u ?is
 title ) respect to any consum]4 ,9 !   
ev5t ( any successful action =          
injunctive relief "u ?is subsection1 !  
c\rt may aw>d to ! prevail+ p>ty co/s & 
reasonable attorney fees 7z det]m9$ by !
 c\rt7 incurr$ dur+ ! action by su*     
p>ty4  2 &  7#b7 9 section #fag-- 7,a7 9
 subsection 7a71 by /rik+ 7a7 ,9        
g5]al4-- & ins]t+ 7a7 ,damages4--2  7,b7
 by r$esignat+ subsection 7b7 z         
subsection 7c72 &  7,c7 by ins]t+ aft]  
subsection 7a7 ! foll[+3  7b7           
,injunctive relief ,9 addition to any   
o!r rem$y set =? 9 ?is section1 a c\rt  
may aw>d injunctive relief to require   
compliance ) ! requirem5ts impos$ "u ?is
 title ) respect to any consum]4 ,9 !   
ev5t ( any successful action =          
injunctive relief "u ?is subsection1 !  
c\rt may aw>d to ! prevail+ p>ty co/s & 
reasonable attorney fees 7z det]m9$ by !
 c\rt7 incurr$ dur+ ! action by su*     

p>ty4  4  7b7 ,en=cem5t by f$]al trade  
commission ,section #fba7;a77#b77;,a7 ( 
! ,fair ,cr$it ,report+ ,act 7#ae       
,u4,s4,c4 #afhas7a77#b77;,a77 is am5d$--
 7#a7 by /rik+ 7,a7 ,kn[+ violations4-- 
& ins]t+ 7,a7 ,neglig5t1 willful1 or    
kn[+ violations4--2 &  7#b7 by ins]t+   
neglig5t1 willful1 or be=e kn[+4  #c4   
,increas$ requirem5ts = consum] report+ 
ag5cies & furni%]s ( in=mation  7a7     
,provision & consid]ation ( docum5tation
 provid$ by consum]s ,! ,fair ,cr$it    
,report+ ,act 7#ae ,u4,s4,c4 #afha et   
seq47 is am5d$-- 7#a7 9 section #faa--  
7,a7 9 subsection 7a7-- 7i7 9 p>agraph  
7#b7-- 7,i7 9 subp>agraph 7,a71 by      
ins]t+ 1 includ+ all docum5tation       
provid$ by ! consum] aft] receiv$ f !   
consum] or resell]2 &  7,,ii7 9         
subp>agraph 7,b71 by ins]t+ 1 includ+   
all docum5tation provid$ by ! consum]1  
aft] f ! consum] or resell]2 &  7ii7 9  
p>agraph 7#d71 by ins]t+ 1 includ+ all  
docum5tation1 aft] relevant in=mation2 &
  7,b7 9 subsection 7f77#b77;,b77ii71 by

 ins]t+ 1 includ+ all docum5tation1 aft]
 relevant in=mation2 &  7#b7 9 section  
#fbc-- 7,a7 9 subsection 7a77#h77;,e71  
by /rik+ clause 7ii7 & ins]t+ ! foll[+3 
7ii7 review & consid] all relevant      
in=mation1 includ+ all docum5tation1    
provid$ by ! consum] ) ! notice2  2 &   
7,b7 9 subsection 7b77#a71 by /rik+     
subp>agraph 7,b7 & ins]t+ ! foll[+3     
7,b7 review & consid] all relevant      
in=mation1 includ+ all docum5tation1    
provid$ by ! consum] report+ ag5cy      
pursuant to section #faa7;a77#b72  4    
7b7 ,ga!r+ & report+ ( in=mation relat+ 
to consum] disputes ,section #faa ( !   
,fair ,cr$it ,report+ ,act 7#ae         
,u4,s4,c4 #afha et seq47 is am5d$ by    
add+ at ! end ! foll[+3  7g7 ,ga!r+ &   
report+ ( in=mation relat+ to consum]   
disputes  7#a7 ,reports requir$ ,!      
,bureau %all provide reports reg>d+ !   
disputes describ$ 9 subsection 7a77#a7  
receiv$ by consum] report+ ag5cies 9 su*
 int]vals & to su* p>ties z ! ,bureau   
deems appropriate4  7#b7 ,ga!r+ (       

in=mation ,! ,bureau %all prescribe     
rules = ! ga!r+ ( in=mation relat+ to   
disputes describ$ 9 subsection 7a77#a7  
receiv$ by consum] report+ ag5cies to be
 us$ 9 g5]at+ ! reports "u p>agraph     
7#a71 includ+ rules e/abli%+-- 7,a7 !   
type & =mat ( in=mation t %all be       
receiv$ by ! ,bureau f ea* consum]      
report+ ag5cy2 &  7,b7 ! frequ5cy (     
receipt ( ! in=mation f consum] report+ 
ag5cies4  4  7c7 ,accuracy compliance   
proc$ures ,section #fjg ( ! ,fair ,cr$it
 ,report+ ,act 7#ae ,u4,s4,c4 #afha;e7  
is am5d$ by /rik+ subsection 7b7 &      
ins]t+ ! foll[+3  7b7 ,accuracy ( report
  7#a7 ,9 g5]al ,a consum] report+ ag5cy
 %all foll[ reasonable proc$ures :5     
prep>+ a consum] report to assure       
maximum possible accuracy ( ! in=mation 
conc]n+ ! individual to :om ! consum]   
report relates4  7#b7 ,bureau rule to   
assure maximum possible accuracy  7,a7  
,propos$ rule ,n lat] ?an #a ye> aft] ! 
date ( enactm5t ( ! ,/op ,errors 9      
,cr$it ,use & ,report+ ,act1 ! ,bureau  

%all issue a propos$ rule e/abli%+ !    
proc$ures t a consum] report+ ag5cy mu/ 
foll[ to assure maximum possible        
accuracy ( all consum] reports furni%$  
by ! ag5cy 9 compliance ) ?is           
subsection4  7,b7 ,consid]ations ,:5    
=mulat+ ! rule requir$ "u subp>agraph   
7,a71 ! ,bureau %all consid] if requir+ 
! mat*+ ( ! foll[+ in=mation w\ld       
improve ! accuracy ( consum] reports3   
7i7 ,! fir/ "n & la/ "n ( a consum]4    
7ii7 ,! date ( bir? ( a consum]4  7iii7 
,all #i digits ( ! social security numb]
 ( a consum]4  7iv7 ,any o!r in=mation t
 ! ,bureau det]m9es w\ld aid 9 assur+   
maximum possible accuracy ( all consum] 
reports furni%$ by consum] report+      
ag5cies 9 compliance ) ?is subsection4  
4  7d7 ,responsibilities ( furni%]s (   
in=mation to consum] report+ ag5cies    
,section #fbc7;a77#h77;,f77i77,,ii7 ( ! 
,fair ,cr$it ,report+ ,act 7#ae         
,u4,s4,c4                               
#afhas-#b7;a77#h77;,f77i77,,ii77 is     
am5d$ by ins]t+ 1 & does n include any  

new or additional in=mation t w\ld be   
relevant to a re9ve/igation be=e !      
p]iod4  7e7 ,disclosures to consum]s    
,section #fji ( ! ,fair ,cr$it ,report+ 
,act 7#ae ,u4,s4,c4 #afha;g7 is am5d$-- 
7#a7 9 subsection 7a77#c77;,b71 by /rik+
 2 & & all t foll[s ?r\gh ! end (       
subp>agraph 7,b7 & ins]t+ ! foll[+3     
7ii7 ! address & telephone numb] ( !    
p]son2 &  7iii7 ! p]missible purpose ( !
 p]son = obta9+ ! consum] report1       
includ+ ! specific type ( cr$it product 
t is ext5d$1 review$1 or collect$ z     
describ$ 9 section #fjd7;a77#c77;,a74  2
  7#b7 9 subsection 7f7-- 7,a7 by am5d+ 
p>agraph 7#g77;,a7 to read z foll[s3    
7,a7 supply ! consum] ) a cr$it score   
t-- 7i7 is d]iv$ f a cr$it scor+ model t
 is widely di/ribut$ to us]s by !       
consum] report+ ag5cy = ! purpose ( any 
ext5sion ( cr$it or o!r transaction     
designat$ by ! consum] :o is reque/+ !  
cr$it score2 or  7ii7 is widely         
di/ribut$ to l5d]s ( common consum] loan
 products & pr$icts ! future cr$it      

behavior ( ! consum]2 &  2 &  7,b7 9    
p>agraph 7#h71 by ins]t+ 1 except t a   
cr$it score %all be provid$ free ( *>ge 
to ! consum] if reque/$ 9 connection ) a
 free annual consum] report describ$ 9  
section #fab7;a7 be=e ! p]iod2 &  7#c7 9
 subsection 7g77#a7-- 7,a7 by /rik+     
subp>agraph 7,c72 &  7,b7 by r$esignat+ 
subp>agraphs 7,d7 ?\gh 7,g7 z           
subp>agraphs 7,c7 ?r\gh 7,f71           
respectively4  7f7 ,notification        
requirem5ts  7#a7 ,adv]se in=mation     
notification ,! ,fair ,cr$it ,report+   
,act 7#ae ,u4,s4,c4 #afha et seq47 is   
am5d$-- 7,a7 9 section #fab1 by /rik+   
subsection 7b7 & ins]t+ ! foll[+3  7b7  
,free disclosure aft] notice ( adv]se   
action or (f] ( cr$it on mat]ially less 
favorable t]ms  7#a7 ,9 g5]al ,n lat]   
?an #ad days aft] ! date on :i* a       
consum] report+ ag5cy receives a        
notification "u subsection 7a77#b7 or   
7h77#f7 ( section #fae1 or f a debt     
collection ag5cy affiliat$ ) ! consum]  
report+ ag5cy1 ! consum] report+ ag5cy  

%all make1 )\t *>ge to ! consum]1 all   
disclosures requir$ 9 accordance ) !    
rules prescrib$ by ! ,bureau "u section 
#fji7;h74  7#b7 ,transition p]iod ,aft] 
! effective date ( ! provisions ( ! ,/op
 ,errors 9 ,cr$it ,use & ,report+ ,act &
 be=e ! ,bureau has f9aliz$ ! rule      
requir$ "u section #fji7;h71 a consum]  
report+ ag5cy t is requir$ to make      
disclosures "u ?is subsection %all      
provide to ! consum] a copy ( ! curr5t  
cr$it report on ! consum] & any o!r     
disclosures requir$ "u ?is ,act or !    
,/op ,errors 9 ,cr$it ,use & ,report+   
,act1 )\t *>ge to ! consum]4  2 &  7,b7 
9 section #fae7;a7-- 7i7 by r$esignat+  
p>agraphs 7#b71 7#c7 & 7#d7 z p>agraphs 
7#c71 7#d71 & 7#e7 respectively2  7ii7  
by ins]t+ aft] p>agraph 7#a7 ! foll[+3  
7#b7 direct ! consum] report+ ag5cy t   
provid$ ! consum] report us$ 9 !        
decision to take ! adv]se action to     
provide ! consum] ) ! disclosures       
describ$ 9 section #fab7;b72  2 &  7iii7
 9 p>agraph 7#e71 z r$esignat$ by ?is   

p>agraph-- 7,i7 9 ! matt] prec$+        
subp>agraph 7,a71 by /rik+ ( ! consum]'s
 "r2  7,,ii7 by /rik+ subp>agraph 7,a7 &
 ins]t+ ! foll[+3  7,a7 t ! consum] w   
receive a copy ( ! consum] report on !  
consum]1 free ( *>ge1 f ! consum]       
report+ ag5cy t furni%$ ! consum]       
report2 &  2 &  7,,iii7 9 subp>agraph   
7,b71 by ins]t+ ( ! "r ( ! consum] be=e 
to dispute4  7#b7 ,notification 9 cases 
( less favorable t]ms ,section #fae7;h7 
( ! ,fair ,cr$it ,report+ ,act 7#ae     
,u4,s4,c4 #afham7h77 is am5d$-- 7,a7 9  
p>agraph 7#a71 by /rik+ p>agraph 7#f7 & 
ins]t+ p>agraph 7#g72  7,b7 9 p>agraph  
7#b71 by /rik+ p>agraph 7#f7 & ins]t+   
p>agraph 7#g72  7,c7 9 subp>agraph      
7#e77;,c71 by /rik+ may obta9 & ins]t+ w
 receive  7,d7 by r$esignat+ p>agraphs  
7#f71 7#g71 & 7#h7 z p>agraphs 7#g71    
7#h71 & 7#i71 respectively2 &  7,e7 by  
ins]t+ aft] p>agraph 7#e7 ! foll[+3     
7#f7 ,reports provid$ to consum]s ,a    
p]son :o uses a consum] report z        
describ$ 9 p>agraph 7#a7 %all notify &  

direct ! consum] report+ ag5cy t provid$
 ! consum] report to provide ! consum] )
 ! disclosures describ$ 9 section       
#fab7;b74  4  7#c7 ,notification (      
subsequ5t submissions ( negative        
in=mation ,section #fbc7;a77#g77;,a77ii7
 ( ! ,fair ,cr$it ,report+ ,act 7#ae    
,u4,s4,c4 #afhas-#b7;a77#g77;,a77ii77 by
 /rik+ or cu/om] & ins]t+ or be=e       
acc\nt4  7#d7 ,bureau rule def9+ c]ta9  
disclosure requirem5ts ,section #fji ( !
 ,fair ,cr$it ,report+ ,act 7#ae        
,u4,s4,c4 #afha;g7 is am5d$ by add+ at !
 end ! foll[+3  7h7 ,bureau rule def9+  
c]ta9 disclosure requirem5ts  7#a7      
,propos$ rule ,n lat] ?an #a ye> aft] ! 
date ( enactm5t ( ! ,/op ,errors 9      
,cr$it ,use & ,report+ ,act1 ! ,bureau  
%all publi% a propos$ rule to implem5t !
 disclosure requirem5ts describ$ 9      
section #fab7;b74  7#b7 ,consid]ations  
,9 =mulat+ ! rule requir$ "u p>agraph   
7#a71 ! ,bureau %all consid]-- 7,a7 :at 
in=mation w\ld enable consum]s to       
det]m9e ! reasons = :i* a p]son took    

adv]se action or (f]$ cr$it on mat]ially
 less favorable t]ms & to v]ify !       
accuracy ( su* in=mation2 &  7,b7 h[ to 
provide ! in=mation describ$ 9          
subp>agraph 7,a7 :ile protect+ consum]  
privacy1 includ+ proc$ures to ensure t  
su* in=mation is provid$ to ! consum] at
 ! appropriate address4  4  #d4         
,regulatory re=m ,section #fba ( !      
,f$]al ,cr$it ,report+ ,act 7#ae        
,u4,s4,c4 #afhas7 is am5d$ by add+ at ! 
end ! foll[+3  7h7 ,consum] report+     
ag5cy regi/ry  7#a7 ,e/abli%m5t (       
regi/ry ,n lat] ?an #ahj days aft] !    
date ( enactm5t ( ! ,/op ,errors 9      
,cr$it ,use & ,report+ ,act1 ! ,bureau  
%all e/abli% #c publicly available      
regi/ries ( consum] report+ ag5cies1    
includ+-- 7,a7 a regi/ry ( nationwide   
consum] report+ ag5cies z describ$ 9    
section #fjc7p72  7,b7 a regi/ry (      
nationwide specialty consum] report+    
ag5cies z def9$ 9 section #fjc7x72 &    
7,c7 a regi/ry ( all o!r consum] report+
 ag5cies includ$ "u subsection #fjc7;f7 

t are n includ$ "u section #fjc7p7 or   
#fjc7x74  7#b7 ,regi/ration requirem5t  
,all consum] report+ ag5cies z def9$ 9  
section #fjc7;f7 mu/ regi/] ) "o ( !    
regi/ries e/abli%$ by ! ,bureau "u ?is  
subsection 9 a timeframe e/abli%$ by !  
,bureau4  4  #e4 ,/udy ( a public cr$it 
report+ sy/em  7a7 ,/udy ,n lat] ?an #f 
mon?s aft] ! date ( enactm5t ( ?is ,act1
 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates 
%all und]take a /udy-- 7#a7 ( cr$it     
sy/ems 9 ! int]national cr$it sy/em )   
gov]nm5t-adm9i/]$ consum] cr$it report+ 
sy/ems2  7#b7 ( available in=mation     
reg>d+ ! accuracy ( exi/+               
gov]nm5t-adm9i/]$ consum] cr$it report+ 
sy/ems2  7#c7 to evaluate ! feasibility 
( a national1 gov]nm5t-adm9i/]$ consum] 
cr$it report+ sy/em2  7#d7 ( any consum]
 b5efits t might reasonably be expect$  
to result f a gov]nm5t-adm9i/]$ consum] 
cr$it report2 &  7#e7 ( any co/s t might
 result f a gov]nm5t-adm9i/]$ consum]   
cr$it report+ sy/em 9 ! ,unit$ ,/ates4  
7b7 ,publication ( f9d+s ,n lat] ?an #ah

 mon?s aft] ! date ( enactm5t ( ?is     
,act1 ! ,comptroll] ,g5]al ( ! ,unit$   
,/ates %all publi% ! f9d+s "u subsection
 7a74  #f4 ,effective date ,except z    
o!rwise provid$ 9 ?is ,act & ! am5dm5ts 
made by ?is ,act1 ! provisions ( ?is    
,act & ! am5dm5ts made by ?is ,act %all 
take effect #f mon?s aft] ! date (      
enactm5t ( ?is ,act4