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Bill · 119th Congress · S 1467
Homebuyers Privacy Protection Act
Refreshed 2 h ago
Introduced 2025-04-10Topic: economy jobsSummary
Summary by the Congressional Research ServiceHomebuyers Privacy Protection Act This bill limits the circumstances in which credit reporting agencies may provide consumer credit reports to third parties in connection with residential mortgage transactions. Specifically, the bill prohibits a credit reporting agency from providing a consumer's credit report to a third party in connection with a residential mortgage transaction unless the transaction consists of a firm offer of credit or insurance and (1) the third party provides documentation certifying that it has the consumer's consent; or (2) the third party has originated a mortgage on behalf of the consumer, is a current mortgage loan servicer to the consumer, or has a current specified banking relationship with the consumer. These provisions take effect 180 days after the bill's enactment.
Sponsors
- Jack Reed Democrat sponsor
- 45 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-06-17 | House | Held at the desk. | |
| 2025-06-17 | House | Received in the House. | |
| 2025-06-12 | Senate | Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396) | |
| 2025-06-12 | Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396) | floor pass | |
| 2025-06-12 | Senate | Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S3395-3396) | report |
| 2025-06-12 | Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. | report | |
| 2025-04-10 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2567) | refer |
| 2025-04-10 | Introduced in Senate | introduce |