I 

116TH CONGRESS 

1ST SESSION H. R. 5332 

To amend the Fair Credit Reporting Act to ensure that consumer reporting 

agencies are providing fair and accurate information reporting in consumer reports, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

DECEMBER 6, 2019 

Mr. GOTTHEIMER (for himself and Mr. REED) introduced the following bill; 

which was referred to the Committee on Financial Services 

A BILL 

To amend the Fair Credit Reporting Act to ensure that 

consumer reporting agencies are providing fair and accurate information reporting in consumer reports, and for 

other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 

4 (a) SHORT TITLE.—This Act may be cited as the 

5 ‘‘Protecting Your Credit Score Act of 2019’’. 

6 (b) TABLE OF CONTENTS.—The table of contents for 

7 this Act is as follows: 

Sec. 1. Short title; table of contents. 

Sec. 2. Establishment of online consumer portal landing page for consumer access to certain credit information. 


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Sec. 3. Accuracy in consumer reports. 

Sec. 4. Improved Dispute Process for Consumer Reporting Agencies. 

Sec. 5. Injunctive relief. 

Sec. 6. Increased transparency. 

Sec. 7. Consumer reporting agency registry. 

Sec. 8. Authority of Bureau with respect to consumer reporting agencies. 

Sec. 9. Bureau standards for protecting nonpublic information. 

Sec. 10. Report on data security risk assessments in examinations of consumer 

reporting agencies. 

Sec. 11. GAO study on the use of social security numbers. 

1 SEC. 2. ESTABLISHMENT OF ONLINE CONSUMER PORTAL 

2 LANDING PAGE FOR CONSUMER ACCESS TO 

3 CERTAIN CREDIT INFORMATION. 

4 (a) IN GENERAL.—Section 612(a)(1) of the Fair 

5 Credit Reporting Act (15 U.S.C. 1681j(a)(1)) is amended 

6 by adding at the end the following: 

7 ‘‘(D) ONLINE CONSUMER PORTAL LANDING

8 PAGE.— 

9 ‘‘(i) IN GENERAL.—Not later than 1 

10 year after the date of enactment of this 

11 subparagraph, each consumer reporting 

12 agency described in section 603(p) shall 

13 jointly develop an online consumer portal 

14 landing page that gives each consumer un15 limited free access to— 

16 ‘‘(I) the consumer report of the 

17 consumer; 

18 ‘‘(II) the means by which the 

19 consumer may exercise the rights of 


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1 the consumer under subparagraph (E) 

2 and section 604(e); 

3 ‘‘(III) the ability to initiate a dis4 pute with the consumer reporting 

5 agency regarding the accuracy or 

6 completeness of any information in a 

7 report in accordance with section 

8 611(a) or 623(a)(8); 

9 ‘‘(IV) the ability to place and re10 move a security freeze on a consumer 

11 report for free under section 605A(i) 

12 and (j); 

13 ‘‘(V) if the consumer reporting 

14 agency offers a product to consumers 

15 to prevent access to the consumer re16 port of the consumer for the purpose 

17 of preventing identity theft, a disclo18 sure to the consumer regarding the 

19 differences between that product and 

20 a security freeze as defined under sec21 tion 605A(i) or (j); 

22 ‘‘(VI) information on who has 

23 accessed the consumer report of the 

24 consumer over the last 24 months, 

25 and, as available, for what permissible 


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1 purpose the consumer report was fur2 nished in accordance with section 604 

3 and section 609; and 

4 ‘‘(VII) the credit score of the 

5 consumer in accordance with section 

6 609(f)(7). 

7 ‘‘(ii) NO WAIVER.—A consumer re8 porting agency described in section 603(p) 

9 may not require a consumer to waive any 

10 legal or privacy rights to access— 

11 ‘‘(I) a portal established under 

12 this subparagraph; or 

13 ‘‘(II) any of the services de14 scribed in clause (i) that are provided 

15 through a portal established under 

16 this subparagraph. 

17 ‘‘(iii) NO ADVERTISING OR SOLICITA18 TIONS.—A portal established under this 

19 subparagraph may not contain any adver20 tising, marketing offers, or other solicita21 tions. 

22 ‘‘(iv) EXTENSION.—The Bureau may 

23 allow the consumer reporting agencies an 

24 extension of 1 year to develop the online 


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1 consumer portal landing page required 

2 under clause (i). 

3 ‘‘(v) RULE OF CONSTRUCTION.— 

4 Nothing in this subparagraph may be con5 strued as requiring a consumer reporting 

6 agency to disclose confidential proprietary 

7 information through the online consumer 

8 portal landing page. 

9 ‘‘(E) OPT-OUT OPTIONS.— 

10 ‘‘(i) IN GENERAL.—If a consumer re11 porting agency sells consumer information 

12 in a manner that is not included in a con13 sumer report, the consumer reporting 

14 agency shall provide each consumer with a 

15 method (through a website, by phone, or in 

16 writing) by which the consumer may elect, 

17 free of charge, to not have the information 

18 of the consumer so sold. 

19 ‘‘(ii) NO EXPIRATION.—An election 

20 made by a consumer under clause (i) shall 

21 expire on the date on which the consumer 

22 expressly revokes the election through a 

23 website, by phone, or in writing.’’. 

24 (b) CONFORMING AMENDMENT.—Section 612(f)(1) 

25 of the Fair Credit Reporting Act (15 U.S.C. 1681j(f)(1)) 


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1 is amended, in the matter preceding subparagraph (A), 

2 by adding ‘‘or that is made through the online consumer 

3 portal landing page established under subsection 

4 (a)(1)(D),’’ after ‘‘subsections (a) through (d),’’. 

5 SEC. 3. ACCURACY IN CONSUMER REPORTS. 

6 Section 607(b) of the Fair Credit Reporting Act (15 

7 U.S.C. 1681e) is amended to read as follows: 

8 ‘‘(b) ENSURING ACCURACY.— 

9 ‘‘(1) IN GENERAL.—In preparing a consumer 

10 report, each consumer reporting agency shall follow 

11 reasonable procedures to assure maximum possible 

12 accuracy of the information concerning the consumer 

13 to whom the report relates. 

14 ‘‘(2) MATCHING INFORMATION IN A FILE.—In 

15 assuring the maximum possible accuracy under 

16 paragraph (1), each consumer reporting agency de17 scribed in section 603(p) shall ensure that, when in18 cluding information in the file of a consumer, the 

19 consumer reporting agency— 

20 ‘‘(A) matches all 9 digits of the social se21 curity number of the consumer with the infor22 mation that the consumer reporting agency is 

23 including in the file; or 

24 ‘‘(B) if a consumer does not have a social 

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1 cludes the full legal name, date of birth, current 

2 address, and at least one former address of the 

3 consumer. 

4 ‘‘(3) PERIODIC AUDITS.—Each consumer re5 porting agency shall perform periodic audits, on a 

6 schedule determined by the Bureau, on a representa7 tive sample of consumer reports of the agency to 

8 check for accuracy.’’. 

9 SEC. 4. IMPROVED DISPUTE PROCESS FOR CONSUMER RE10 PORTING AGENCIES. 

11 (a) RESPONSIBILITIES OF FURNISHERS OF INFOR12 MATION TO CONSUMER REPORTING AGENCIES.—Section 

13 623 of the Fair Credit Reporting Act (15 U.S.C. 1681s– 

14 2) is amended— 

15 (1) in subsection (a)(8)— 

16 (A) in subparagraph (E)(ii), by inserting 

17 ‘‘and consider’’ after ‘‘review’’; and 

18 (B) in subparagraph (F)— 

19 (i) in clause (i)(II), by inserting ‘‘, 

20 and does not include any new or additional 

21 information that would be relevant to a re22 investigation’’ before the period at the end; 

23 and 

24 (ii) by adding at the end the following 

25 new clause: 


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1 ‘‘(iv) NEW OR ADDITIONAL INFORMA2 TION.—For purposes of clause (i)(II), the 

3 term ‘new or additional information’— 

4 ‘‘(I) means information of a type 

5 designated by the Bureau; and 

6 ‘‘(II) does not include informa7 tion previously provided to the per8 son.’’; and 

9 (2) in subsection (b)(1), by inserting ‘‘and con10 sider’’ after ‘‘review’’. 

11 (b) BUREAU CREDIT REPORTING OMBUDSPERSON.— 

12 Section 611(a) of the Fair Credit Reporting Act (15 

13 U.S.C. 1681i(a)) is amended by adding at the end the fol14 lowing: 

15 ‘‘(8) BUREAU CREDIT REPORTING

16 OMBUDSPERSON.— 

17 ‘‘(A) IN GENERAL.—Not later than 180 

18 days after the date of enactment of this para19 graph, the Bureau shall establish the position 

20 of credit reporting ombudsperson, whose spe21 cific duties shall include carrying out the Bu22 reau’s responsibilities with respect to— 

23 ‘‘(i) resolving persistent errors that 

24 are not resolved in a timely manner by a 

25 consumer reporting agency; and 


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1 ‘‘(ii) enhancing oversight of consumer 

2 reporting agencies by— 

3 ‘‘(I) advising the Director of the 

4 Bureau, in consultation with the Of5 fice of Enforcement and the Office of 

6 Supervision of the Bureau, on any po7 tential violations of paragraph (5) or 

8 any other applicable law by a con9 sumer reporting agency, including ap10 propriate corrective action for such a 

11 violation; and 

12 ‘‘(II) making referrals to the Of13 fice of Supervision for supervisory ac14 tion or the Office of Enforcement for 

15 enforcement action, as appropriate, in 

16 response to violations of paragraph 

17 (5) or any other applicable law by a 

18 consumer reporting agency. 

19 ‘‘(B) REPORT.—The ombudsperson shall 

20 submit to the Committee on Financial Services 

21 of the House of Representatives and the Com22 mittee on Banking, Housing, and Urban Affairs 

23 of the Senate an annual report including statis24 tics and analysis on consumer complaints the 

25 Bureau receives relating to consumer reports, 


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1 as well as a summary of the supervisory actions 

2 and enforcement actions taken with respect to 

3 consumer reporting agencies during the year 

4 covered by the report.’’. 

5 (c) RESPONSIBILITIES OF CONSUMER REPORTING

6 AGENCIES.—Section 611 of the Fair Credit Reporting Act 

7 (15 U.S.C. 1681i) is amended— 

8 (1) in subsection (a)— 

9 (A) in paragraph (1), by adding at the end 

10 the following: 

11 ‘‘(D) OBLIGATIONS OF CONSUMER RE12 PORTING AGENCIES RELATING TO REINVES13 TIGATIONS.—Commensurate with the volume 

14 and complexity of disputes about which a con15 sumer reporting agency receives notice, or rea16 sonably anticipates to receive notice, under this 

17 paragraph, each consumer reporting agency 

18 shall— 

19 ‘‘(i) maintain sufficient personnel to 

20 conduct reinvestigations of those disputes; 

21 and 

22 ‘‘(ii) provide training with respect to 

23 the personnel described in clause (i).’’; 

24 (B) in paragraph (6)(B)— 


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1 (i) by amending clause (ii) to read as 

2 follows: 

3 ‘‘(ii) a copy of the consumer’s file and 

4 a consumer report that is based upon such 

5 file as revised, including a description of 

6 the specific modification or deletion of in7 formation, as a result of the reinvestiga8 tion;’’; 

9 (ii) by striking clause (iii) and redes10 ignating clauses (iv) and (v) as clauses (vi) 

11 and (vii), respectively; 

12 (iii) by inserting after clause (ii) the 

13 following: 

14 ‘‘(iii) a description of the actions 

15 taken by the consumer reporting agency 

16 regarding the dispute; 

17 ‘‘(iv) if applicable, contact information 

18 for any furnisher involved in responding to 

19 the dispute and a description of the role 

20 played by the furnisher in the reinvestiga21 tion process; 

22 ‘‘(v) the options available to the con23 sumer if the consumer is dissatisfied with 

24 the result of the reinvestigation, includ25 ing— 


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1 ‘‘(I) submitting documents in 

2 support of the dispute; 

3 ‘‘(II) adding a consumer state4 ment of dispute to the file of the con5 sumer pursuant to subsection (b); 

6 ‘‘(III) filing a dispute with the 

7 furnisher pursuant to section 

8 623(a)(8); and 

9 ‘‘(IV) submitting a complaint 

10 against the consumer reporting agen11 cy or furnishers through the consumer 

12 complaint database of the Bureau or 

13 the State attorney general for the 

14 State in which the consumer resides;’’; 

15 and 

16 (C) by striking paragraph (7) and redesig17 nating paragraph (8) as paragraph (7); and 

18 (D) in paragraph (7), as so redesignated, 

19 by striking ‘‘paragraphs (2), (6), and (7)’’ and 

20 inserting ‘‘paragraphs (2) and (6)’’; and 

21 (2) by adding at the end the following new sub22 section: 

23 ‘‘(h) NOTIFICATION OF DELETION OF INFORMA24 TION.—A consumer reporting agency described in section 

25 603(p) shall communicate with other consumer reporting 


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1 agencies described in section 603(p) to ensure that a dis2 pute initiated with one consumer reporting agency is noted 

3 in a file maintained by such other consumer reporting 

4 agencies.’’. 

5 SEC. 5. INJUNCTIVE RELIEF. 

6 The Fair Credit Reporting Act (15 U.S.C. 1681 et 

7 seq.) is amended— 

8 (1) in section 616 (15 U.S.C. 1681n)— 

9 (A) in subsection (a), by amending the 

10 subsection heading to read as follows: ‘‘DAM11 AGES’’; 

12 (B) by redesignating subsections (c) and 

13 (d) as subsections (d) and (e), respectively; and 

14 (C) by inserting after subsection (b) the 

15 following: 

16 ‘‘(c) INJUNCTIVE RELIEF.— 

17 ‘‘(1) IN GENERAL.—In addition to any other 

18 remedy under this section, a court may award in19 junctive relief to require compliance with the re20 quirements imposed under this title with respect to 

21 any consumer. 

22 ‘‘(2) COSTS AND ATTORNEY’S FEES.—In the 

23 event of any successful action for injunctive relief 

24 under this subsection, a court may award to the pre25 vailing party costs and reasonable attorney’s fees (as 


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1 determined by the court) incurred by the prevailing 

2 party during the action.’’; and 

3 (2) in section 617 (15 U.S.C. 1681o)— 

4 (A) in subsection (a), in the subsection 

5 heading, by striking ‘‘(a) IN GENERAL.—’’ and 

6 inserting ‘‘(a) DAMAGES.—’’; 

7 (B) by redesignating subsection (b) as sub8 section (c); and 

9 (C) by inserting after subsection (a) the 

10 following: 

11 ‘‘(b) INJUNCTIVE RELIEF.— 

12 ‘‘(1) IN GENERAL.—In addition to any other 

13 remedy under this section, a court may award in14 junctive relief to require compliance with the re15 quirements imposed under this title with respect to 

16 any consumer. 

17 ‘‘(2) COSTS AND ATTORNEY’S FEES.—In the 

18 event of any successful action for injunctive relief 

19 under this subsection, a court may award to the pre20 vailing party costs and reasonable attorney’s fees (as 

21 determined by the court) incurred by the prevailing 

22 party during the action.’’. 

23 (3) ENFORCEMENT.—Section 615(h)(8) of the 

24 Fair Credit Reporting Act (15 U.S.C. 1681m(h)(8)) 

25 is amended— 


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1 (A) in subparagraph (A), by striking ‘‘sec2 tion’’ and inserting ‘‘subsection’’; and 

3 (B) in subparagraph (B), by striking ‘‘This 

4 section’’ and inserting ‘‘This subsection’’. 

5 SEC. 6. INCREASED TRANSPARENCY. 

6 (a) DISCLOSURES TO CONSUMERS.—Section 609 of 

7 the Fair Credit Reporting Act (15 U.S.C. 1681g) is 

8 amended— 

9 (1) in subsection (a)(3)(B)— 

10 (A) in clause (i), by striking ‘‘and’’ at the 

11 end; and 

12 (B) by striking clause (ii) and inserting the 

13 following: 

14 ‘‘(ii) the address and telephone number of 

15 the person; and 

16 ‘‘(iii) the permissible purpose, as available, 

17 of the person for obtaining the consumer re18 port, including the specific type of credit prod19 uct that is extended, reviewed, or collected, as 

20 described in section 604(a)(3)(A).’’; 

21 (2) in subsection (f)— 

22 (A) by amending paragraph (7)(A) to read 

23 as follows: 

24 ‘‘(A) supply the consumer with a credit 

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1 tion 612(a)(1)(D) or upon request by the con2 sumer, as applicable, that— 

3 ‘‘(i) is derived from a credit scoring 

4 model that is widely distributed to users by 

5 that consumer reporting agency for the 

6 purpose of any extension of credit or other 

7 transaction designated by the consumer 

8 who is requesting the credit score; or 

9 ‘‘(ii) is widely distributed to lenders of 

10 common consumer loan products and pre11 dicts the future credit behavior of the con12 sumer; and’’; and 

13 (B) in paragraph (8), by inserting ‘‘, ex14 cept that a credit score shall be provided free 

15 of charge to the consumer if requested in con16 nection with a free annual consumer report de17 scribed in section 612(a) or through the online 

18 consumer portal landing page established under 

19 section 612(a)(1)(D)’’ before the period at the 

20 end; and 

21 (3) in subsection (g)(1)— 

22 (A) in subparagraph (A)(ii)— 

23 (i) in the clause heading, by striking 

24 ‘‘SUBPARAGRAPH (D)’’ and inserting ‘‘SUB25 PARAGRAPH (C)’’; and 


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1 (ii) by striking ‘‘subparagraph (D)’’ 

2 and inserting ‘‘subparagraph (C)’’; 

3 (B) in subparagraph (B)(ii), by striking 

4 ‘‘consistent with subparagraph (C)’’; 

5 (C) by striking subparagraph (C); and 

6 (D) by redesignating subparagraphs (D) 

7 through (G) as subparagraphs (C) through (F), 

8 respectively. 

9 (b) NOTIFICATION REQUIREMENTS.— 

10 (1) ADVERSE INFORMATION NOTIFICATION.— 

11 (A) IN GENERAL.—The Fair Credit Re12 porting Act (15 U.S.C. 1681 et seq.) is amend13 ed— 

14 (i) in section 612 (15 U.S.C. 1681j), 

15 by striking subsection (b) and inserting the 

16 following: 

17 ‘‘(b) FREE DISCLOSURE AFTER NOTICE OF AD18 VERSE ACTION OR OFFER OF CREDIT ON MATERIALLY

19 LESS FAVORABLE TERM.—Not later than 30 days after 

20 the date on which a consumer reporting agency receives 

21 a notification under subsection (a)(2) or (h)(6) of section 

22 615, or from a debt collection agency affiliated with the 

23 consumer reporting agency, the consumer reporting agen24 cy shall make to a consumer, without charge to the con25 sumer, all disclosures that are made to a user of a conVerDate Sep 11 2014 22:04 Dec 06, 2019 Jkt 099200 PO 00000 Frm 00017 Fmt 6652 Sfmt 6201 E:\BILLS\H5332.IH H5332

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1 sumer report in accordance with the rules prescribed by 

2 the Bureau.’’; and 

3 (ii) in section 615(a) (15 U.S.C. 

4 1681m(a))— 

5 (I) by redesignating paragraphs 

6 (2), (3), and (4) as paragraphs (3), 

7 (4), and (5), respectively; 

8 (II) by inserting after paragraph 

9 (1) the following: 

10 ‘‘(2) direct the consumer reporting agency that 

11 provided the consumer report that was used in the 

12 decision to take the adverse action to provide the 

13 consumer with the disclosures described in section 

14 612(b);’’; and 

15 (III) in paragraph (5), as so re16 designated— 

17 (aa) in the matter preceding 

18 subparagraph (A), by striking 

19 ‘‘of the consumer’s right’’; 

20 (bb) by striking subpara21 graph (A) and inserting the fol22 lowing: 

23 ‘‘(A) that the consumer shall receive a 

24 copy of the consumer report with respect to the 

25 consumer, free of charge, from the consumer 


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1 reporting agency that furnished the consumer 

2 report; and’’; and 

3 (cc) in subparagraph (B), by 

4 inserting ‘‘of the right of the con5 sumer’’ before ‘‘to dispute’’. 

6 (B) CONFORMING AMENDMENT.—Section 

7 604(b)(2)(B)(i) of the Fair Credit Reporting 

8 Act (15 U.S.C. 1681b(b)(2)(B)(i)) is amended 

9 by striking ‘‘section 615(a)(3)’’ and inserting 

10 ‘‘section 615(a)(4)’’. 

11 (2) NOTIFICATION IN CASES OF LESS FAVOR12 ABLE TERMS.—Section 615(h) of the Fair Credit 

13 Reporting Act (15 U.S.C. 1681m(h)) is amended— 

14 (A) in paragraph (1), by striking ‘‘para15 graph (6)’’ and inserting ‘‘paragraph (7)’’; 

16 (B) in paragraph (2), by striking ‘‘para17 graph (6)’’ and inserting ‘‘paragraph (7)’’; 

18 (C) in paragraph (5)(C), by striking ‘‘may 

19 obtain’’ and inserting ‘‘shall receive’’; 

20 (D) by redesignating paragraphs (6), (7), 

21 and (8) as paragraphs (7), (8), and (9), respec22 tively; and 

23 (E) by inserting after paragraph (5) the 

24 following: 


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1 ‘‘(6) REPORTS PROVIDED TO CONSUMERS.—A 

2 person who uses a consumer report as described in 

3 paragraph (1) shall notify and direct the consumer 

4 reporting agency that provided the consumer report 

5 to provide the consumer with the disclosures de6 scribed in section 612(b).’’. 

7 (3) NOTIFICATION OF SUBSEQUENT SUBMIS8 SIONS OF NEGATIVE INFORMATION.—Section 

9 623(a)(7)(A)(ii) of the Fair Credit Reporting Act 

10 (15 U.S.C. 1681s–2(a)(7)(A)(ii)) is amended by 

11 striking ‘‘with respect to’’ and all that follows 

12 through the period at the end and inserting ‘‘without 

13 providing additional notice to the consumer, unless 

14 another person acquires the right to repayment con15 nected to the additional negative information. The 

16 acquiring person shall be subject to the requirements 

17 of this paragraph and shall be required to send con18 sumers the written notices described in this para19 graph, if applicable.’’. 

20 SEC. 7. CONSUMER REPORTING AGENCY REGISTRY. 

21 Section 621 of the Fair Credit Reporting Act (15 

22 U.S.C. 1681s) is amended by adding at the end the fol23 lowing: 

24 ‘‘(h) CONSUMER REPORTING AGENCY REGISTRY.— 


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1 ‘‘(1) ESTABLISHMENT OF REGISTRY.—Not later 

2 than 180 days after the date of enactment of this 

3 subsection, the Bureau shall establish a publicly 

4 available registry of consumer reporting agencies 

5 that includes— 

6 ‘‘(A) each consumer reporting agency that 

7 compiles and maintains files on consumers on a 

8 nationwide basis; 

9 ‘‘(B) each nationwide specialty consumer 

10 reporting agency; 

11 ‘‘(C) all other consumer reporting agencies 

12 that are not included under section 603(p) or 

13 603(x); and 

14 ‘‘(D) links to any relevant websites of a 

15 consumer reporting agency described under 

16 subparagraphs (A) through (C). 

17 ‘‘(2) REGISTRATION REQUIREMENT.—The Bu18 reau shall establish a deadline, which shall be not 

19 later than 270 days after the date of the enactment 

20 of this subsection, by which each consumer reporting 

21 agency described in paragraph (1) shall be required 

22 to register in the registry established under such 

23 paragraph.’’. 


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1 SEC. 8. AUTHORITY OF BUREAU WITH RESPECT TO CON2 SUMER REPORTING AGENCIES. 

3 Section 1024(a)(1) of the Dodd-Frank Wall Street 

4 Reform and Consumer Protection Act (12 U.S.C. 

5 5514(a)(1)) is amended— 

6 (1) in subparagraph (D), by striking ‘‘or’’ at 

7 the end; 

8 (2) in subparagraph (E), by striking the period 

9 at the end and inserting ‘‘; or’’; and 

10 (3) by adding at the end the following new sub11 paragraph: 

12 ‘‘(F) is a consumer reporting agency de13 scribed under section 603(p) of the Fair Credit 

14 Reporting Act.’’. 

15 SEC. 9. BUREAU STANDARDS FOR PROTECTING NON16 PUBLIC INFORMATION. 

17 Title V of the Gramm-Leach-Bliley Act (15 U.S.C. 

18 6801 et seq.) is amended— 

19 (1) in section 501, by adding at the end the fol20 lowing new subsection: 

21 ‘‘(c) CONSUMER REPORTING AGENCY SAFE22 GUARDS.—The Bureau of Consumer Financial Protection 

23 shall establish, by rule, appropriate standards for con24 sumer reporting agencies described under section 603(p) 

25 of the Fair Credit Reporting Act relating to administra26 tive, technical, and physical safeguards to protect records 


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1 and information as described in paragraphs (1) through 

2 (3) of subsection (b).’’; 

3 (2) in section 504(a)(1)(A), by striking ‘‘, ex4 cept that the Bureau of Consumer Financial Protec5 tion shall not have authority to prescribe regulations 

6 with respect to the standards under section 501’’; 

7 and 

8 (3) in section 505(a)(8), by inserting ‘‘, other 

9 than under subsection (c) of section 501’’ after ‘‘sec10 tion 501’’. 

11 SEC. 10. REPORT ON DATA SECURITY RISK ASSESSMENTS 

12 IN EXAMINATIONS OF CONSUMER REPORT13 ING AGENCIES. 

14 Not later than 90 days after the date of the enact15 ment of this Act, the Director of the Bureau of Consumer 

16 Financial Protection shall assess whether examinations 

17 conducted by the Director of consumer reporting agencies 

18 described under section 603(f) of the Fair Credit Report19 ing Act (15 U.S.C. 1681a(f)) include sufficient processes 

20 to addresses any data security risks to the consumers of 

21 such agencies on which such agencies maintain and com22 pile files. Along with the first semiannual report required 

23 under section 1016(b) of the Consumer Financial Protec24 tion Act of 2010 (12 U.S.C. 5496(b)) to be submitted 

25 after the 90-day period after the date of the enactment 


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1 of this Act, the Director shall submit to Congress a report 

2 containing the results of such assessment that includes— 

3 (1) recommendations for improving the proc4 esses to addresses any such data security risks; and 

5 (2) the progress of the Director on making any 

6 improvements described under paragraph (1). 

7 SEC. 11. GAO STUDY ON THE USE OF SOCIAL SECURITY 

8 NUMBERS. 

9 (a) STUDY.—The Comptroller General of the United 

10 States shall carry out a study on the feasibility and means 

11 of consumer reporting agencies replacing the use of social 

12 security numbers as identifiers with another type of Fed13 eral identification. 

14 (b) REPORT.—Not later than the end of the 2-year 

15 period beginning on the date of the enactment of this Act, 

16 the Comptroller General shall issue a report to the Con17 gress containing all findings and determinations made in 

18 carrying out the study required under subsection (a). 

Æ 


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