To amend the Fair Credit Reporting Act to prohibit the use of consumer credit checks against prospective and current employees for the purposes of making adverse employment decisions.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Equal Employment for All Act''.

SEC. 2. USE OF CREDIT CHECKS PROHIBITED FOR EMPLOYMENT PURPOSES.

    (a) Prohibition for Employment and Adverse Action.--Section 604 of 
the Fair Credit Reporting Act (15 U.S.C. 1681b) is amended--
            (1) in subsection (a)(3)(B), by inserting ``within the 
        restrictions set forth in subsection (b)'' after ``purposes'';
            (2) by redesignating subsections (b) through (g) as 
        subsections (c) through (h), respectively; and
            (3) by inserting after subsection (a) the following new 
        subsection:
    ``(b) Use of Certain Consumer Report Prohibited for Employment 
Purposes or Adverse Action.--
            ``(1) General prohibition.--Except as provided in paragraph 
        (3), a person, including a prospective employer or current 
        employer, may not use a consumer report or investigative 
        consumer report, or cause a consumer report or investigative 
        consumer report to be procured, with respect to any consumer 
        where any information contained in the report bears on the 
        consumer's creditworthiness, credit standing, or credit 
        capacity--
                    ``(A) for employment purposes; or
                    ``(B) for making an adverse action, as described in 
                section 603(k)(1)(B)(ii).
            ``(2) Source of consumer report irrelevant.--The 
        prohibition described in paragraph (1) shall apply even if the 
        consumer consents or otherwise authorizes the procurement or 
        use of a consumer report for employment purposes or in 
        connection with an adverse action with respect to such 
        consumer.
            ``(3) Exceptions.--Notwithstanding the prohibitions set 
        forth in this subsection, and consistent with the other 
        sections of this Act, an employer may use a consumer report 
        with respect to a consumer in the following situations:
                    ``(A) When the consumer applies for, or currently 
                holds, employment that requires national security or 
                FDIC clearance.
                    ``(B) When the consumer applies for, or currently 
                holds, employment with a State or local government 
                agency which otherwise requires use of a consumer 
                report.
                    ``(C) When the consumer applies for, or currently 
                holds, a supervisory, managerial, professional, or 
                executive position at a financial institution.
                    ``(D) When otherwise required by law.
            ``(4) Effect on disclosure and notification requirements.--
        The exceptions described in paragraph (3) shall have no effect 
        upon the other requirements of this Act, including requirements 
        in regards to disclosure and notification to a consumer when 
        permissibly using a consumer report for employment purposes or 
        for making an adverse action against such consumer.''.
    (b) Conforming Amendments and Cross References.--Such Act is 
further amended as follows:
            (1) In section 603 (15 U.S.C. 1681a)--
                    (A) in subsection (d)(3), by striking ``604(g)(3)'' 
                and inserting ``604(h)(3)''; and
                    (B) in subsection (o), by striking ``A'' and 
                inserting ``Subject to the restrictions set forth in 
                section 604(b), a''.
            (2) In section 604 (15 U.S.C. 1681b)--
                    (A) in subsection (a), by striking ``subsection 
                (c)'' and inserting ``subsection (d)'';
                    (B) in subsection (c), as redesignated by 
                subsection (a)(2) of this section--
                            (i) in paragraph (2)(A), by inserting ``and 
                        subject to the restrictions set forth in 
                        subsection (b)'' after ``subparagraph (B)''; 
                        and
                            (ii) in paragraph (3)(A), by inserting 
                        ``and subject to the restrictions set forth in 
                        subsection (b)'' after ``subparagraph (B)'';
                    (C) in subsection (d)(1), as redesignated by 
                subsection (a)(2) of this section, by striking 
                ``subsection (e)'' in both places it appears and 
                inserting ``subsection (f)'';
                    (D) in subsection (f), as redesignated by 
                subsection (a)(2) of this section--
                            (i) in paragraph (1), by striking 
                        ``subsection (c)(1)(B)'' and inserting 
                        ``subsection (d)(1)(B)''; and
                            (ii) in paragraph (5), by striking 
                        ``subsection (c)(1)(B)'' and inserting 
                        ``subsection (d)(1)(B)''.
            (3) In section 607(e)(3)(A) (15 U.S.C. 1681e(e)(3)(A)), by 
        striking ``604(b)(4)(E)(i)'' and inserting ``604(c)(4)(E)(i)''.
            (4) In section 609 (15 U.S.C. 1681g)--
                    (A) in subsection (a)(3)(C)(i), by striking 
                ``604(b)(4)(E)(i)'' and inserting ``604(c)(4)(E)(i)''; 
                and
                    (B) in subsection (a)(3)(C)(ii), by striking 
                ``604(b)(4)(A)'' and inserting ``604(c)(4)(A)''.
            (5) In section 613(a) (15 U.S.C. 1681k(a)) by striking 
        ``section 604(b)(4)(A)'' and inserting ``section 
        604(c)(4)(A)''.
            (6) In section 615 (15 U.S.C. 1681m)--
                    (A) in subsection (d)(1), by striking ``section 
                604(c)(1)(B)'' and inserting ``section 604(d)(1)(B)'';
                    (B) in subsection (d)(1)(E), by striking ``section 
                604(e)'' and inserting ``section 604(f)''; and
                    (C) in subsection (d)(2)(A), by striking ``section 
                604(e)'' and inserting ``section 604(f)''.

Summary: Equal Employment for All Act - Amends the Fair Credit Reporting Act to prohibit a current or prospective employer from using a consumer report or an investigative consumer report, or from causing one to be procured, for either employment purposes or for making an adverse action, if the report contains information that bears upon the consumer's creditworthiness, credit standing, or credit capacity.

Makes exceptions to such prohibition for employment: (1) which requires a national security or Federal Deposit Insurance Corporation (FDIC) clearance; (2) with a state or local government agency which otherwise requires use of a consumer report; or (3) in a supervisory, managerial, professional, or executive position at a financial institution.