H.R. 3629: Clarity in Credit Score Formation Act of 2019
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H.R. 3629: Clarity in Credit Score Formation Act of 2019
116th Congress · introduced 2019-07-09 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 248.
federal
Follow this bill, step by step
- Where it came from: introduced 2019-07-09 · official record
- Who proposed it: Rep. Lynch, Stephen F. [D-MA-8] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Placed on the Union Calendar, Calendar No. 248. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Clarity in Credit Score Formation Act of 2019
Plain summary
Clarity in Credit Score Formation Act of 2019 This bill provides that the Consumer Financial Protection Bureau (CFPB) must regulate credit score models by establishing standards for validating the accuracy and predictive value of these models. The bill also gives the CFPB the authority to prohibit the use of certain factors in credit score models. The CFPB must report on the impact of the inclusion of nontraditional data in these models.
Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
Clarity in Credit Score Formation Act of 2019
Source: Congressional Research Service summary (Reported to House)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Lynch, Stephen F. [D-MA-8] · 1 cosponsors
Cost estimate: CBO cost estimate: H.R. 3629, Clarity in Credit Score Formation Act of 2019 (2019-10-07)
Cosponsors on this site
Emanuel Cleaver (D-MO)
Sponsor's campaign money: Rep. Lynch, Stephen F. [D-MA-8] 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 (1)
- 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).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Reported to House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr3629.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>
Record fed-us-cong116-hr3629 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116