Debt Bondage Repair Act
Bill: H.R.2332 | Sponsor: Rep. McHenry, Patrick T. (R-NC)
Policy area: Finance and Financial Sector

Summary:
Debt Bondage Repair Act
This bill prohibits a consumer reporting agency from reporting adverse credit information about a consumer that is the result of severe human trafficking or sex trafficking. A court of competent jurisdiction or a federal or state government entity must determine that the consumer is a victim of trafficking.

To prohibit consumer reporting agencies from furnishing a consumer 
 report containing any adverse item of information about a consumer if 
   such consumer is a victim of trafficking, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Debt Bondage Repair Act''.

SEC. 2. ADVERSE INFORMATION IN CASES OF TRAFFICKING.

    (a) In General.--The Fair Credit Reporting Act (15 U.S.C. 1681 et 
seq.) is amended by inserting after section 605B the following:
``Sec. 605C Adverse information in cases of trafficking
    ``(a) In General.--A consumer reporting agency may not furnish a 
consumer report containing any adverse item of information about a 
consumer that resulted from a severe form of trafficking in persons or 
sex trafficking if the consumer has provided trafficking documentation 
to the consumer reporting agency.
    ``(b) Rulemaking.--
            ``(1) In general.--The Director shall, not later than 180 
        days after the date of the enactment of this section, issue a 
        rule to implement subsection (a).
            ``(2) Contents.--The rule issued pursuant to paragraph (1) 
        shall establish a method by which consumers shall submit 
        trafficking documentation to consumer reporting agencies.
    ``(c) Definitions.--
            ``(1) Trafficking documentation.--The term trafficking 
        documentation means--
                    ``(A) documentation of either--
                            ``(i) a determination by a Federal or State 
                        government entity that a consumer is a victim 
                        of trafficking; or
                            ``(ii) a determination by a court of 
                        competent jurisdiction that a consumer is a 
                        victim of trafficking; and
                    ``(B) documentation that identifies items of 
                adverse information that should not be furnished by a 
                consumer reporting agency because the items resulted 
                from the severe form of trafficking in persons or sex 
                trafficking of which such consumer is a victim.
            ``(2) Victim of trafficking.--For the purposes of this 
        section, the term ``victim of trafficking'' means a person who 
        is a victim of a severe form of trafficking in persons or sex 
        trafficking, as such terms are defined in section 103 of the 
        Trafficking Victims Protection Act of 2000.''.
    (b) Table of Contents Amendment.--The table of contents of the Fair 
Credit Reporting Act is amended by inserting after the item relating to 
section 605B the following new item:

``605C. Adverse information in cases of trafficking.''.
    (c) Effective Date.--The amendments made by this section shall 
apply on the date that is 30 days after the date on which the Director 
of the Bureau of Consumer Financial Protection issues a rule pursuant 
to section 605C(b) of the Fair Credit Reporting Act.
    (d) Determination of Budgetary Effects.--The budgetary effects of 
this Act, for the purpose of complying with the Statutory Pay-As-You-Go 
Act of 2010, shall be determined by reference to the latest statement 
titled ``Budgetary Effects of PAYGO Legislation'' for this Act, 
submitted for printing in the Congressional Record by the Chairman of 
the House Budget Committee, provided that such statement has been 
submitted prior to the vote on passage.

            Passed the House of Representatives June 15, 2021.

            Attest:

                                             CHERYL L. JOHNSON,

                                                                 Clerk.