H.R. 9639
FAIR Credit Act
Sponsor: Rashida Tlaib
3 cosponsors
Official summary
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Text of the bill
I Restoring the Impaired Credit of Victims of Predatory Activities and Unfair Consumer Reporting Practices
II Expanding Access to Tools to Protect Vulnerable Consumers From Identity Theft, Fraud, or a Related Crime, and Protect Victims From Further Harm
Section 603(q)(3) of the Fair Credit Reporting Act (15 U.S.C. 1681a(q)(3)) is amended to read as follows:
(3) Identity theft
(A) In general. The term identity theft means a fraud committed using the identifying information of another person without the effective consent of that person, subject to such further definition as the Director of the Bureau may prescribe, by regulation.
(B) Effective consent. Effective consent has not been provided for purposes of subparagraph (A) if consent is—
(i) induced by force, threat, fraud, or coercion; or
(ii) given by an individual unable to contract by reason of incapacity or youth, unless consent is given by a person legally authorized to act on behalf of the individual and such action is not contrary to the best interests of the individual as determined by a court of competent jurisdiction.
III Miscellaneous