Credit Access and Inclusion Act of 2025

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5402 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 5402

  To amend the Fair Credit Reporting Act to clarify Federal law with
 respect to reporting certain full-file consumer credit information to
          consumer reporting agencies, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           September 16, 2025

  Mrs. Kim (for herself and Ms. Bynum) introduced the following bill;
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL

  To amend the Fair Credit Reporting Act to clarify Federal law with
 respect to reporting certain full-file consumer credit information to
          consumer reporting agencies, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Credit Access and Inclusion Act of
2025''.

SEC. 2. FULL-FILE REPORTING PERMITTED.

    (a) In General.--Section 623 of the Fair Credit Reporting Act (15
U.S.C. 1681s-2) is amended by adding at the end the following:
    ``(f) Full-File Credit Reporting.--
            ``(1) Definitions.--In this subsection:
                    ``(A) Energy utility firm.--The term `energy
                utility firm' means an entity that provides gas or
                electric utility services to the public.
                    ``(B) Utility or telecommunication firm.--The term
                `utility or telecommunication firm' means an entity
                that provides utility services to the public through
                pipe, wire, landline, wireless, cable, or other
                connected facilities, or radio, electronic, or similar
                transmission (including the extension of such
                facilities).
            ``(2) Information relating to lease agreements, utilities,
        and telecommunications services.--Subject to the limitations in
        paragraph (3), and notwithstanding any other provision of law,
        a person or the Secretary of Housing and Urban Development may
        furnish to a consumer reporting agency information relating to
        the performance of a consumer in making payments--
                    ``(A) under a lease agreement with respect to a
                dwelling, including such a lease in which the
                Department of Housing and Urban Development provides
                subsidized payments for occupancy in a dwelling; or
                    ``(B) pursuant to a contract for a utility or
                telecommunications service.
            ``(3) Limitation.--Information about the usage by a
        consumer of any utility service provided by a utility or
        telecommunication firm may be furnished to a consumer reporting
        agency only to the extent that the information relates to the
        payment by the consumer for the service of the utility or
        telecommunication service or other terms of the provision of
        the services to the consumer, including any deposit, discount,
        or conditions for interruption or termination of the service.
            ``(4) Payment plan.--An energy utility firm may not report
        payment information to a consumer reporting agency with respect
        to an outstanding balance of a consumer as late if--
                    ``(A) the energy utility firm and the consumer have
                entered into a payment plan (including a deferred
                payment agreement, an arrearage management program, or
                a debt forgiveness program) with respect to such
                outstanding balance; and
                    ``(B) the consumer is meeting the obligations of
                the payment plan, as determined by the energy utility
                firm.
            ``(5) Opt-out.--A consumer may opt-out of the furnishing of
        the information described in paragraph (2) by submitting a
        written request to the furnisher of such information.''.
    (b) Limitation on Liability.--Section 623(c) of the Fair Credit
Reporting Act (15 U.S.C. 1681s-2(c)) is amended--
            (1) in paragraph (2), by striking ``or'' at the end;
            (2) by redesignating paragraph (3) as paragraph (4); and
            (3) by inserting after paragraph (2) the following:
            ``(3) subsection (f) of this section, including any
        regulations issued thereunder; or''.
    (c) GAO Study and Report.--Not later than 2 years after the date of
the enactment of this Act, the Comptroller General of the United States
shall submit to the Congress a report--
            (1) on the impact that furnishing information pursuant to
        subsection (f) of section 623 of the Fair Credit Reporting Act
        (15 U.S.C. 1681s-2), as added by subsection (a) of this
        section, has had on consumers; and
            (2) that analyzes the effect on consumer credit scores of
        reporting consumer cash flow data to consumer credit agencies.
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