Fair Credit for American Hostages Act

senate

house

president

Introduced on December 16, 2024 by Christopher A. Coons

Legislation Details

Amends the Fair Credit Reporting Act to protect consumers unlawfully or wrongfully detained or held hostage abroad.
Defines “covered consumer” as a U.S. national unlawfully or wrongfully detained or taken hostage abroad.
Requires documentation to certify a consumer’s status as a covered consumer, including time period of detention or hostage situation.
Documentation must be authenticated by designated authorities related to hostage affairs.
Prohibits consumer reporting agencies from including adverse information in consumer reports for the duration of unlawful detention or hostage status if proper documentation is provided.
Includes a technical amendment to the Fair Credit Reporting Act’s table of contents to reflect the new section.

Last updated 12/23/2024

Amends the Fair Credit Reporting Act to protect consumers unlawfully or wrongfully detained or held hostage abroad.
Defines “covered consumer” as a U.S. national unlawfully or wrongfully detained or taken hostage abroad.
Requires documentation to certify a consumer’s status as a covered consumer, including time period of detention or hostage situation.
Documentation must be authenticated by designated authorities related to hostage affairs.
Prohibits consumer reporting agencies from including adverse information in consumer reports for the duration of unlawful detention or hostage status if proper documentation is provided.
Includes a technical amendment to the Fair Credit Reporting Act’s table of contents to reflect the new section.