Reporting Medical Debt Payments as Positive Consumer Credit Information Act of 2024

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9890 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 9890

  To amend the Fair Credit Reporting Act to require reporting certain 
     positive consumer credit information, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 1, 2024

 Mr. Bacon (for himself and Ms. Perez) introduced the following bill; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To amend the Fair Credit Reporting Act to require reporting certain 
     positive consumer credit information, 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 ``Reporting Medical Debt Payments as 
Positive Consumer Credit Information Act of 2024''.

SEC. 2. POSITIVE CREDIT REPORTING OF MEDICAL DEBT PAYMENTS PERMITTED.

    (a) In General.--Section 623 of the Fair Credit Reporting Act (15 
U.S.C. 1681s-2) is amended by adding at the end the following:
    ``(f) Positive Credit Reporting of Medical Debt Payments.--
            ``(1) Treatment of paid or settled medical debt.--A 
        furnisher of medical debt information may furnish to a consumer 
        reporting agency information relating to medical debt paid or 
        settled by a consumer which antedates the consumer report of 
        the consumer by one year.
            ``(2) Treatment of medical debt payment plan.--A furnisher 
        of medical debt information may furnish to a consumer reporting 
        agency information relating to the satisfactory performance of 
        a consumer meeting the obligations of a payment plan for a 
        medical debt owned by such furnisher if--
                    ``(A) such furnisher and the consumer have entered 
                into a payment plan with respect to the medical debt; 
                and
                    ``(B) the consumer is meeting the obligations of 
                the payment plan, as determined by such furnisher.
            ``(3) Reasonable procedures for positive consumer credit 
        information from furnishers of medical debt.--Consumer 
        reporting agencies and credit score providers shall adopt 
        reasonable procedures for positive information relating to a 
        consumer's medical debt described in this subsection so that 
        such information is--
                    ``(A) included in a consumer report;
                    ``(B) utilized in the generation of any credit 
                score; and
                    ``(C) provided to users of consumer reports and 
                credit scores in a manner which is fair and equitable 
                to the consumer in accordance with the requirements of 
                this title.
            ``(4) Definitions.--In this subsection:
                    ``(A) Credit score.--The term `credit score' has 
                the meaning given in section 609(f)(2).
                    ``(B) Credit score provider.--The term `credit 
                score provider' means an entity that generates and 
                makes available a credit score to a person.
                    ``(C) Furnisher of medical debt information.--The 
                term `furnisher of medical debt information' means an 
                entity that--
                            ``(i) owns a medical debt; and
                            ``(ii) provides to a consumer reporting 
                        agency information relating to transactions, 
                        accounts, balances, repayment terms, repayment 
                        history, and similar information relating to 
                        such medical debt.
                    ``(D) Medical debt.--The term `medical debt' means 
                a debt arising from the receipt of medical services, 
                products, or devices.''.
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