S. 3633 — Introduced in Senate

II 115th CONGRESS 2d Session S. 3633 IN THE SENATE OF THE UNITED STATES November 15, 2018 Mr. Rubio (for himself and Mr. Kennedy) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To require that consumer reporting agencies provide small business credit protections. 1. Short title This Act may be cited as the Small Business Credit Protection Act. 2. Consumer reporting agencies (a) Definitions In this section: (1) Consumer reporting agency The term consumer reporting agency has the meaning given the term in section 603 of the Fair Credit Reporting Act (15 U.S.C. 1681a). (2) Small business concern The term small business concern has the meaning given the term in section 3 of the Small Business Act (15 U.S.C. 632). (b) Requirements A consumer reporting agency— (1) shall disclose to a small business concern within 30 days if their nonpublic business data has been breached; and (2) may not charge a small business concern for their credit report within 180 days following a breach. (c) No preemption Nothing in this Act shall preempt any State law with respect to consumer reporting agencies.