H.R. 8485: Expanding Access to Credit through Consumer-Permissioned Data Act

117th Congress · introduced 2022-07-22 · Finance and Financial Sector · Latest: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 23.

federal

Follow this bill, step by step

Where it came from: introduced 2022-07-22 · official record
Who proposed it: Rep. Williams, Nikema [D-GA-5] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 23. 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.

What does this mean?

Official title

Expanding Access to Credit through Consumer-Permissioned Data Act

Plain summary

Expanding Access to Credit through Consumer-Permissioned Data Act This bill requires the consideration of additional credit information by a mortgage lender when evaluating a consumer's creditworthiness if a consumer requests that this information be considered. This additional information includes current payment and transaction information such as bank statements and rental payment history. Mortgage lenders must provide notice to mortgage applicants of their rights under this bill. Additionally, federal agencies that insure, guarantee, supplement, assist, or underwrite federally backed mortgage loans must also comply with these requirements.

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

Expanding Access to Credit through Consumer-Permissioned Data Act

Source: Congressional Research Service summary (Introduced in House)

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

Officials and money

Sponsor: Rep. Williams, Nikema [D-GA-5] · 9 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Stephen F. Lynch (D-MA), Eleanor Holmes Norton (D-DC), Jesús G. "Chuy" García (D-IL), Brad Sherman (D-CA), Alma S. Adams (D-NC), Ritchie Torres (D-NY), Madeleine Dean (D-PA), Al Green (D-TX), Sylvia R. Garcia (D-TX)

Sponsor's campaign money: Rep. Williams, Nikema [D-GA-5] reported raising $772,833 (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 (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr8485.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr8485 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117