The Credit Access and Inclusion Act of 2017

Floor Speech

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Mr. HILL. Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 435) to amend the Fair Credit Reporting Act to clarify Federal law with respect to reporting certain positive consumer credit information to consumer reporting agencies, and for other purposes, as amended.

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Mr. Speaker, H.R. 435, introduced by my good friend from Minnesota, Keith Ellison, The Credit Access and Inclusion Act of 2017, would amend the Fair Credit Reporting Act to authorize the Department of Housing to furnish consumer credit reports to include an individual's payment history from rental payments for a dwelling, including HUD-subsidized properties, and payment history for utility and telecommunications contracts.

I want to thank my friend for this great piece of work on his part on making credit more accessible, making it easier to get the data that consumers need to build a credit record. It is not all just credit card payments, Mr. Speaker, or payments to banks.

This kind of work that my friend from Minnesota has tackled improves consumers' ability to build that very, very important thing in our society, which is access to credit.

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Mr. HILL. Mr. Speaker, I again want to thank my friend from Minnesota. We have worked together on this bill during the year. I am pleased to see it back on the floor today.

Mr. Speaker, I urge bipartisan support for helping all American consumers have a new and better way to help build their credit and get access to credit to preserve the American Dream.

Mr. Speaker, we have no other speakers on this side, and I yield back the balance of my time.

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