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H.R. 3755: Comprehensive Consumer Credit Reporting Reform Act of 2017

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H.R. 3755: Comprehensive Consumer Credit Reporting Reform Act of 2017

115th Congress · introduced 2017-09-13 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-09-13 · official record
  2. Who proposed it: Rep. Waters, Maxine [D-CA-43] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Comprehensive Consumer Credit Reporting Reform Act of 2017

Plain summary

Comprehensive Consumer Credit Reporting Reform Act of 2017 This bill amends the Fair Credit Reporting Act to revise requirements for disputes regarding consumer credit information reported by a consumer reporting agency (CRA). The bill prescribes requirements for: record maintenance by furnishers of credit information, CRA action when notified of inaccurate or incomplete information from furnishers, and injunctive relief for consumers in the event of noncompliance. The bill limits the circumstances in which a CRA may furnish a consumer report for employment purposes. No CRA may furnish a consumer report containing any adverse item of information relating to a delinquent or defaulted private education loan of a borrower who has a specified demonstrated history of loan repayment. The bill revises requirements relating to information contained in credit reports, requires removal of adverse information that resulted from specified fraudulent lending activity, and shortens the time period adverse information stays on reports. The Consumer Financial Protection Bureau (CFPB) must issue final regulations for development of credit scoring models. CRAs must disclose free credit scores to consumers with their free annual consumer reports. Specified lenders must give consumers free copies of any consumer reports and credit scores they used for underwriting before consumers sign the respective loan agreements. The bill establishes requirements related to credit report sales, required disclosures, and credit freezes. The CFPB is directed to create a nationwide CRA registry.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Comprehensive Consumer Credit Reporting Reform Act of 2017

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Waters, Maxine [D-CA-43] · 34 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Gwen Moore (D-WI), Mark DeSaulnier (D-CA), Dina Titus (D-NV), Ro Khanna (D-CA), Gregory W. Meeks (D-NY), Jerrold Nadler (D-NY), Eleanor Holmes Norton (D-DC), Steve Cohen (D-TN), Stephen F. Lynch (D-MA), Pramila Jayapal (D-WA), Bonnie Watson Coleman (D-NJ), Dwight Evans (D-PA), Donald S. Beyer, Jr. (D-VA), Bennie G. Thompson (D-MS), Al Green (D-TX), Julia Brownley (D-CA), Jamie Raskin (D-MD), Mark Pocan (D-WI), Joe Courtney (D-CT), Brad Sherman (D-CA), Adam Smith (D-WA), Judy Chu (D-CA), Katherine M. Clark (D-MA), Salud O. Carbajal (D-CA)

Sponsor's campaign money: Rep. Waters, Maxine [D-CA-43] reported raising $1.1 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr3755 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115