BillCam

Consumer Credit

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Number	Legislature	Summary	Subjects
S.1828	Federal	Credit Access and Inclusion Act of 2019 This bill allows for the reporting of certain positive consumer-credit information to consumer reporting agencies. Specifically, a person or the Department of Housing and Urban Development may report information related to a consumer's performance in making payments either under a lease agreement for a dwelling or pursuant to a contract for a utility or telecommunications service. However, information about a consumer's usage of any utility or telecommunications service may be reported only to the extent that the information relates to payment by the consumer for such service or other terms of the provision of that service. Furthermore, an energy-utility firm may not report a consumer's outstanding balance as late if the firm and the consumer have entered into a payment plan and the consumer is meeting the obligations of that plan. Specified provisions that establish civil liability with respect to furnishers of information to consumer reporting agencies shall not apply to any violation of the bill. The Government Accountability Office must report on the consumer impact of such reporting. Democrat: 42% (3) Republican: 42% (3) Independent: 14% (1) 42% Democrat support 42% Republican support 14% Independent support	Finance And Financial Sector Congressional Oversight Consumer Credit Debt Collection Government Studies And Investigations Low- And Moderate-income Housing Public Utilities And Utility Rates
HB-3182	Federal	CECL Consumer Impact and Study Bill of 2019 Democrat: 26% (18) Republican: 73% (51) 26% Democrat support 73% Republican support	Finance And Financial Sector Finance And Financial Sector Accounting And Auditing Administrative Law And Regulatory Procedures Business Investment And Capital Competition And Antitrust Competitiveness, Trade Promotion, Trade Deficits Congressional Oversight Consumer Credit Economic Performance And Conditions
HB-3151	Federal	Taxpayer First Act This bill revises provisions relating to the Internal Revenue Service (IRS), its customer service, enforcement procedures, cybersecurity and identity protection, management of information technology, and use of electronic systems. TITLE I--PUTTING TAXPAYERS FIRST Subtitle A--Independent Appeals Process (Sec, 1001) This subtitle establishes the Internal Revenue Service Independent Office of Appeals headed by a Chief of Appeals. The purpose of this office is to resolve federal tax controversies without litigation on a basis that is fair and impartial, promote consistent application of federal tax laws, and enhance public confidence in the IRS. Subtitle B--Improved Service (Sec. 1101) This section requires the Department of the Treasury to submit to Congress a written comprehensive customer service strategy for the IRS, including a plan to update guidance and training materials for IRS customer service employees. (Sec. 1102) This section exempts low-income taxpayers from the requirement to submit a user fee with an offer-in-compromise. Subtitle C--Sensible Enforcement (Sec. 1201) This section revises provisions relating the seizure of property that has been structured to avoid Bank Secrecy Act requirements. It limits the seizure authority to property derived from an illegal source and provides due process safeguards to individuals with an ownership interest in such property. (Sec. 1202) This section excludes from gross income, for income tax purposes, interest received in an action to recover property seized by the IRS based on a structuring transaction. (Sec. 1203) This section revises requirements relating to equitable relief from joint liability for unpaid taxes. (Sec. 1204) This section limits the authority of Treasury to issue third-party summons. (Sec. 1205) This section restricts referrals of tax debts to private debt collection agencies, excluding taxpayers whose income consists of disability insurance benefits or other low-income taxpayers. The maximum length of installment agreements under tax collection contracts is extended from five to seven years. (Sec. 1206) This section revises requirements for notice to a taxpayers of contacts with third parties relating to the determination or collection of the taxpayer's tax liability. (Sec. 1207) This section revises requirements for the issuance of a designated summons for determining tax liability. (Sec. 1208) This section limits access of non IRS officers or employees to tax returns and return information, Subtitle D--Organizational Modernization (Sec. 1301) This section permits modification of National Taxpayer Advocate directives. It also modifies reporting requirements of the National Taxpayer Advocate and requires Treasury to provide statistical support to the National Taxpayer Advocate in meeting such requirements. (Sec. 1302) Treasury must submit to Congress by the end of FY2020 a written comprehensive plan to redesign the organization of the IRS. Subtitle E--Other Provisions (Sec. 1401) Treasury must establish a Community Volunteer Income Tax Assistance Matching Grant Program to make grants to provide tax return preparation assistance to certain low-income taxpayers. (Sec. 1402) Treasury must provide information to taxpayers of the availability of low-income taxpayer clinics. (Sec. 1403) The IRS must provide notice of the closure of Taxpayer Assistance Centers. (Sec. 1404) The IRS may no longer immediately sell seized property merely if it is liable to become greatly reduced in price or value or cannot be kept without great expense. (Sec. 1405) This section revises provisions relating to the disclosure of tax return information to whistle-blowers and retaliation against whistle-blowers by employers. IRS may disclose tax return information to whistle-blowers related to investigations for which the whistle-blower has provided information. (Sec. 1406) The IRS must provide specified information to taxpayers placed on hold during a telephone call regarding common tax scams, where to report such scams, and additional advice on protection against identity theft and tax scams. (Sec. 1407) The IRS must establish procedures to allow a taxpayer to report instances in which a tax refund made by electronic funds transfer was not transferred to the taxpayer's account. TITLE II--21ST CENTURY IRS Subtitle A--Cybersecurity and Identity Protection (Sec. 2001) Treasury must (1) work collaboratively with the public and private sectors to protect taxpayers from identity theft refund fraud, (2) ensure that the Electronic Tax Administration Advisory Committee studies and makes recommendations on methods to prevent identity theft and refund fraud, (3) establish a program to issue an identity protection identification number to taxpayers, (4) establish a single point of contact in the IRS for taxpayers whose returns have been adversely affected due to a tax-related identity theft, (5) notify taxpayers of suspected identity theft, and (6) develop and implement publicly available guidelines for management of cases involving identity theft refund fraud. (Sec. 2003) Treasury may participate in an information sharing and analysis center to enhance data and information with respect to identity theft and refund fraud. (Sec. 2004) The IRS may not disclosure return information to contractors or federal, state, or local agencies unless such contractors or agencies have safeguards to protect the confidentiality of such information. (Sec. 2009) This section increases civil and criminal penalties for improper disclosure or use of information by tax return preparers. Subtitle B--Development of Information Technology (Sec. 2101) This section establishes the position of Chief Information Officer in the IRS (IRS CIO). The IRS CIO shall be responsible for the development, implementation, and maintenance of information technology for the IRS. (Sec. 2102) Treasury must make available an Internet platform for Form 1099 filings by January 1, 2023. (Sec. 2103) This section provides for streamlined critical pay authority for IRS information technology positions. Subtitle C--Modernization of Consent-Based Income Verification System (Sec. 2201) Treasury must implement a program that ensures that any disclosure of tax information for third party income verification is fully automated and accomplished through the Internet in as close to real-time as practicable. (Sec. 2202) This section prohibits persons who are granted consent by a taxpayer to receive return information from using it for a purpose other than the purpose for which consent was granted. Subtitle D--Expanded Use of Electronic Systems (Sec. 2301) This section expands the use of electronic systems for filing tax returns. (Sec. 2302) Treasury must publish guidelines for the acceptance of taxpayer signatures appearing in electronic form with respect to any request for disclosure of return information. (Sec. 2303) This section requires the IRS to recoup fees charged by credit card companies for payment of taxes by debit and credit cards. (Sec. 2304) Treasury must verify the identity of any individual opening an e-Services account with the IRS before such individual may use e-Service tools. Subtitle E--Other Provisions (Sec.2401) Provisions relating to a return free tax system and related reporting requirements are repealed. (Sec. 2402) The IRS must submit to Congress a comprehensive training strategy for IRS employees. TITLE III--MISCELLANEOUS PROVISIONS Subtitle A--Reform of Laws Governing Internal Revenue Service Employees (Sec. 3001) The IRS may not rehire any former IRS employee whose employment was terminated for misconduct. (Sec. 3002) Treasury must notify a taxpayer if an IRS employee has been disciplined for unauthorized inspection or disclosure of such taxpayer's return information. Subtitle B--Provisions Relating to Exempt Organizations (Sec. 3101) This section makes electronic filing of returns by tax-exempt organizations mandatory. (Sec. 3102) The IRS must notify exempt organizations prior to revoking their tax exempt status for failure to file return information. Subtitle C--Revenue Provision (Sec. 3201) This section increases the monetary penalty for failure to file. TITLE IV--BUDGETARY EFFECTS (Sec. 4001) This title provides for the determination of the budgetary effects of this bill for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010. Democrat: 72% (21) Republican: 27% (8) 72% Democrat support 27% Republican support	Taxation Administrative Law And Regulatory Procedures Administrative Remedies Advisory Bodies Bank Accounts, Deposits, Capital Business Records Census And Government Statistics Civil Actions And Liability Computer Security And Identity Theft Computers And Information Technology
S.1729	Federal	FIX Act FIX Credit Reporting Errors Act This bill modifies the procedures followed by consumer reporting agencies when a consumer disputes the completeness or accuracy of information contained in the consumer's credit report. Specifically, consumer reporting agencies are required to (1) include all documentation provided by the consumer in the dispute notification furnished to any person who provided disputed information, and (2) consider such consumer documentation when conducting reinvestigations of disputed information. Democrat: 50% (1) Republican: 50% (1) 50% Democrat support 50% Republican support	Finance And Financial Sector Consumer Credit
HB-3012	Federal	Veterans' Credit Protection Act Republican: 77% (7) Democrat: 22% (2) 77% Republican support 22% Democrat support	Armed Forces And National Security Congressional Oversight Consumer Credit Consumer Credit Emergency Medical Services And Trauma Care Emergency Medical Services And Trauma Care Hospital Care Hospital Care Interest, Dividends, Interest Rates Veterans' Medical Care
HB-3012	Federal	Veterans' Credit Protection Act Republican: 77% (7) Democrat: 22% (2) 77% Republican support 22% Democrat support	Armed Forces And National Security Congressional Oversight Consumer Credit Consumer Credit Emergency Medical Services And Trauma Care Emergency Medical Services And Trauma Care Hospital Care Hospital Care Interest, Dividends, Interest Rates Veterans' Medical Care
HB-2930	Federal	Loan Shark Prevention Act This bill limits the annual percentage rate for an extension of consumer credit to 15%. The Federal Reserve Board may raise this rate if (1) money market interest rates rise over six months, and (2) it is necessary to ensure the safety and soundness of lenders. Democrat: 100% (10) 100% Democrat support	Finance And Financial Sector Civil Actions And Liability Congressional Oversight Consumer Credit Federal Reserve System Interest, Dividends, Interest Rates
HB-2904	Federal	Financial Protection for Our Military Families Act This bill extends the supervisory authority of the Consumer Financial Protection Bureau to credit protections applicable to certain active duty members of the armed forces and their dependents. Republican: 100% (1) 100% Republican support	Finance And Financial Sector Banking And Financial Institutions Regulation Consumer Financial Protection Bureau Consumer Credit Interest, Dividends, Interest Rates Military Personnel And Dependents
S.1564	Federal	Continued Encouragement for Consumer Lending Act Republican: 100% (21) 100% Republican support	Finance And Financial Sector Accounting And Auditing Administrative Law And Regulatory Procedures Business Investment And Capital Competition And Antitrust Competitiveness, Trade Promotion, Trade Deficits Congressional Oversight Consumer Credit Economic Performance And Conditions Financial Services And Investments
S.1581	Federal	Medical Debt Relief Act of 2019 This bill modifies requirements related to the reporting of medical debt. Specifically, a consumer reporting agency may not add certain medical debt information to a consumer credit report. Also, a debt collector may not report certain medical debt information to a consumer reporting agency within a specified time period and must notify the consumer prior to reporting such medical debt. Democrat: 100% (5) 100% Democrat support	Finance And Financial Sector Consumer Credit Debt Collection Health Care Costs And Insurance
HB-2833	Federal	CFPB Student Loan Integrity and Transparency Act of 2019 Democrat: 100% (13) 100% Democrat support	Education Congressional Oversight Consumer Financial Protection Bureau Consumer Credit Executive Agency Funding And Structure Government Employee Pay, Benefits, Personnel Management Government Information And Archives Higher Education Public Contracts And Procurement Student Aid And College Costs
HB-2824	Federal	Fair Access to Credit Scores Act of 2019 This bill requires certain consumer reporting agencies to disclose, upon request, as part of a consumer's free annual disclosure (1) the consumer's current credit score, (2) any other information in the consumer's file regarding risk scores or predictors, and (3) any other consumer information the Consumer Financial Protection Bureau considers appropriate with respect to consumer financial education. Consumer reporting agencies shall maintain such scores or predictors in a consumer's file for at least one year after the data is generated. Democrat: 100% (3) 100% Democrat support	Finance And Financial Sector Consumer Credit
S.1489	Federal	Joint Consolidation Loan Separation Act This bill allows two borrowers, who had previously received a joint consolidation loan for their student debt under the William D. Ford Federal Direct Loan Program, to submit a joint application to sever their consolidated loan. One borrower may submit a separate application in the event that the individual is experiencing domestic or economic abuse from the other individual borrower, or is unable to reasonably reach or access the loan information of the other borrower. Democrat: 33% (1) Republican: 66% (2) 33% Democrat support 66% Republican support	Education Consumer Credit Domestic Violence And Child Abuse Higher Education Marriage And Family Status Student Aid And College Costs
HB-2753	Federal	Free Credit Score Act of 2019 This bill requires consumer reporting agencies to provide a free credit score to a consumer when providing a free annual consumer report. Democrat: 100% (1) 100% Democrat support	Finance And Financial Sector Consumer Affairs Consumer Credit
HB-2728	Federal	Joint Consolidation Loan Separation Act This bill allows two borrowers, who had previously received a joint consolidation loan for their student debt under the William D. Ford Federal Direct Loan Program, to submit a joint application to sever their consolidated loan. One borrower may submit a separate application in the event that the individual is experiencing domestic or economic abuse from the other individual borrower, or is unable to reasonably reach or access the loan information of the other borrower. Democrat: 75% (3) Republican: 25% (1) 75% Democrat support 25% Republican support	Education Consumer Credit Domestic Violence And Child Abuse Higher Education Marriage And Family Status Student Aid And College Costs
HB-2683	Federal	Unsubscribe Act of 2019 Democrat: 100% (14) 100% Democrat support	Bank Accounts, Deposits, Capital Civil Actions And Liability Consumer Affairs Consumer Credit Contracts And Agency Internet And Video Services Armed Forces And National Security Congressional Oversight Government Employee Pay, Benefits, Personnel Management Government Studies And Investigations
S.1389	Federal	Loan Shark Prevention Act This bill limits the annual percentage rate for an extension of consumer credit to 15%. The Federal Reserve Board may raise this rate if (1) money market interest rates rise over six months, and (2) it is necessary to ensure the safety and soundness of lenders. Independent: 50% (1) Democrat: 50% (1) 50% Independent support 50% Democrat support	Finance And Financial Sector Civil Actions And Liability Congressional Oversight Consumer Credit Federal Reserve System Interest, Dividends, Interest Rates
HB-2572	Federal	To amend the Federal Deposit Insurance Act to clarify the definition of a deposit broker, and for other purposes. This bill excludes certain affiliated broker-dealers that service retirement accounts and other similar plans from requirements applicable to brokered deposits. Democrat: 50% (1) Republican: 50% (1) 50% Democrat support 50% Republican support	Finance And Financial Sector Bank Accounts, Deposits, Capital Consumer Credit Corporate Finance And Management Employee Benefits And Pensions
HB-2545	Federal	Data Breach Prevention and Compensation Act of 2019 Democrat: 100% (21) 100% Democrat support	Finance And Financial Sector Administrative Law And Regulatory Procedures Business Records Civil Actions And Liability Computer Security And Identity Theft Computers And Information Technology Congressional Oversight Consumer Affairs Consumer Credit Crime Victims
S.1354	Federal	Student Loan Borrower Bill of Rights Democrat: 100% (10) 100% Democrat support	Education Administrative Law And Regulatory Procedures Banking And Financial Institutions Regulation Congressional Oversight Consumer Financial Protection Bureau Consumer Affairs Consumer Credit Credit And Credit Markets Disability And Paralysis Government Information And Archives

Title: Credit Access and Inclusion Act of 2019

Session: US Congress 116th Congress

Number: S.1828

Subjects: Finance And Financial Sector, Congressional Oversight, Consumer Credit, Debt Collection, Government Studies And Investigations, Low- And Moderate-income Housing, Public Utilities And Utility Rates

Democrat: 42% (3) Republican: 42% (3) Independent: 14% (1)

Title: CECL Consumer Impact and Study Bill of 2019

Session: US Congress 116th Congress

Number: HB-3182

Subjects: Finance And Financial Sector, Finance And Financial Sector, Accounting And Auditing, Administrative Law And Regulatory Procedures, Business Investment And Capital, Competition And Antitrust, Competitiveness, Trade Promotion, Trade Deficits, Congressional Oversight, Consumer Credit, Economic Performance And Conditions

Democrat: 26% (18) Republican: 73% (51)

Title: Taxpayer First Act

Session: US Congress 116th Congress

Number: HB-3151

Subjects: Taxation, Administrative Law And Regulatory Procedures, Administrative Remedies, Advisory Bodies, Bank Accounts, Deposits, Capital, Business Records, Census And Government Statistics, Civil Actions And Liability, Computer Security And Identity Theft, Computers And Information Technology

Democrat: 72% (21) Republican: 27% (8)

Title: FIX Act FIX Credit Reporting Errors Act

Session: US Congress 116th Congress

Number: S.1729

Subjects: Finance And Financial Sector, Consumer Credit

Democrat: 50% (1) Republican: 50% (1)

Title: Veterans' Credit Protection Act

Session: US Congress 116th Congress

Number: HB-3012

Subjects: Armed Forces And National Security, Congressional Oversight, Consumer Credit, Consumer Credit, Emergency Medical Services And Trauma Care, Emergency Medical Services And Trauma Care, Hospital Care, Hospital Care, Interest, Dividends, Interest Rates, Veterans' Medical Care

Republican: 77% (7) Democrat: 22% (2)

Title: Veterans' Credit Protection Act

Session: US Congress 116th Congress

Number: HB-3012

Subjects: Armed Forces And National Security, Congressional Oversight, Consumer Credit, Consumer Credit, Emergency Medical Services And Trauma Care, Emergency Medical Services And Trauma Care, Hospital Care, Hospital Care, Interest, Dividends, Interest Rates, Veterans' Medical Care

Republican: 77% (7) Democrat: 22% (2)

Title: Loan Shark Prevention Act

Session: US Congress 116th Congress

Number: HB-2930

Subjects: Finance And Financial Sector, Civil Actions And Liability, Congressional Oversight, Consumer Credit, Federal Reserve System, Interest, Dividends, Interest Rates

Democrat: 100% (10)

Title: Financial Protection for Our Military Families Act

Session: US Congress 116th Congress

Number: HB-2904

Subjects: Finance And Financial Sector, Banking And Financial Institutions Regulation, Consumer Financial Protection Bureau, Consumer Credit, Interest, Dividends, Interest Rates, Military Personnel And Dependents

Republican: 100% (1)

Title: Continued Encouragement for Consumer Lending Act

Session: US Congress 116th Congress

Number: S.1564

Subjects: Finance And Financial Sector, Accounting And Auditing, Administrative Law And Regulatory Procedures, Business Investment And Capital, Competition And Antitrust, Competitiveness, Trade Promotion, Trade Deficits, Congressional Oversight, Consumer Credit, Economic Performance And Conditions, Financial Services And Investments

Republican: 100% (21)

Title: Medical Debt Relief Act of 2019

Session: US Congress 116th Congress

Number: S.1581

Subjects: Finance And Financial Sector, Consumer Credit, Debt Collection, Health Care Costs And Insurance

Democrat: 100% (5)

Title: CFPB Student Loan Integrity and Transparency Act of 2019

Session: US Congress 116th Congress

Number: HB-2833

Subjects: Education, Congressional Oversight, Consumer Financial Protection Bureau, Consumer Credit, Executive Agency Funding And Structure, Government Employee Pay, Benefits, Personnel Management, Government Information And Archives, Higher Education, Public Contracts And Procurement, Student Aid And College Costs

Democrat: 100% (13)

Title: Fair Access to Credit Scores Act of 2019

Session: US Congress 116th Congress

Number: HB-2824

Subjects: Finance And Financial Sector, Consumer Credit

Democrat: 100% (3)

Title: Joint Consolidation Loan Separation Act

Session: US Congress 116th Congress

Number: S.1489

Subjects: Education, Consumer Credit, Domestic Violence And Child Abuse, Higher Education, Marriage And Family Status, Student Aid And College Costs

Democrat: 33% (1) Republican: 66% (2)

Title: Free Credit Score Act of 2019

Session: US Congress 116th Congress

Number: HB-2753

Subjects: Finance And Financial Sector, Consumer Affairs, Consumer Credit

Democrat: 100% (1)

Title: Joint Consolidation Loan Separation Act

Session: US Congress 116th Congress

Number: HB-2728

Subjects: Education, Consumer Credit, Domestic Violence And Child Abuse, Higher Education, Marriage And Family Status, Student Aid And College Costs

Democrat: 75% (3) Republican: 25% (1)

Title: Unsubscribe Act of 2019

Session: US Congress 116th Congress

Number: HB-2683

Subjects: Bank Accounts, Deposits, Capital, Civil Actions And Liability, Consumer Affairs, Consumer Credit, Contracts And Agency, Internet And Video Services, Armed Forces And National Security, Congressional Oversight, Government Employee Pay, Benefits, Personnel Management, Government Studies And Investigations

Democrat: 100% (14)

Title: Loan Shark Prevention Act

Session: US Congress 116th Congress

Number: S.1389

Subjects: Finance And Financial Sector, Civil Actions And Liability, Congressional Oversight, Consumer Credit, Federal Reserve System, Interest, Dividends, Interest Rates

Independent: 50% (1) Democrat: 50% (1)

Title: To amend the Federal Deposit Insurance Act to clarify the definition of a deposit broker, and for other purposes.

Session: US Congress 116th Congress

Number: HB-2572

Subjects: Finance And Financial Sector, Bank Accounts, Deposits, Capital, Consumer Credit, Corporate Finance And Management, Employee Benefits And Pensions

Democrat: 50% (1) Republican: 50% (1)

Title: Data Breach Prevention and Compensation Act of 2019

Session: US Congress 116th Congress

Number: HB-2545

Subjects: Finance And Financial Sector, Administrative Law And Regulatory Procedures, Business Records, Civil Actions And Liability, Computer Security And Identity Theft, Computers And Information Technology, Congressional Oversight, Consumer Affairs, Consumer Credit, Crime Victims

Democrat: 100% (21)

Title: Student Loan Borrower Bill of Rights

Session: US Congress 116th Congress

Number: S.1354

Subjects: Education, Administrative Law And Regulatory Procedures, Banking And Financial Institutions Regulation, Congressional Oversight, Consumer Financial Protection Bureau, Consumer Affairs, Consumer Credit, Credit And Credit Markets, Disability And Paralysis, Government Information And Archives

Democrat: 100% (10)

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