Free Annual Credit Report Act of 1998

Free Annual Credit Report Act of 1998 - Amends the Fair Credit Reporting Act to require a consumer reporting agency to provide a free annual credit report to any consumer upon request.

[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4848 Introduced in House (IH)]

  2d Session
                                H. R. 4848

To amend the Fair Credit Reporting Act to allow any consumer to receive 
   a free credit report annually from any consumer reporting agency.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 16, 1998

   Mr. Kennedy of Massachusetts (for himself and Ms. Roybal-Allard) 
 introduced the following bill; which was referred to the Committee on 
                     Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend the Fair Credit Reporting Act to allow any consumer to receive 
   a free credit report annually from any consumer reporting agency.

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

SECTION 1. SHORT TITLE.

    (a) In General.--This Act may be cited as the ``Free Annual Credit 
Report Act of 1998''.

SEC. 2. FREE CREDIT REPORT ANNUALLY UPON REQUEST OF CONSUMER.

    Section 612 of the Fair Credit Reporting Act (15 U.S.C. 1681j) is 
amended--
            (1) by redesignating subsections (c) and (d) as subsections 
        (d) and (e), respectively; and
            (2) by inserting after subsection (b) the following new 
        subsection:
    ``(c) Free Credit Report Annually Upon Request of Consumer.--Upon 
the request of any consumer, any consumer reporting agency shall make 
all disclosures pursuant to section 609 without charge to such consumer 
at least once each calendar year.''.
    (b) Technical and Conforming Amendment.--Section 612(a)(1) of the 
Fair Credit Reporting Act (15 U.S.C. 1681j(a)(1)) is amended by 
striking ``(c), and (d)'' and inserting ``(c), (d), and (e)''.
                                 <all>