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S 3072

No Coffee Tax Act

119th Congress Introduced by Maggie Hassan and 3 co-sponsors

Bill S 3072 protects consumers by regulating how businesses use credit history, ensuring transparency, enhancing rights, and imposing penalties for non-compliance.

Introduced in Senate
0
WeVote Research Nonpartisan
Bill Summary · S 3072

Summary of Bill S 3072: Relating to the Use of Consumer Credit History for Certain Purposes

Purpose and Intent

Bill S 3072 aims to regulate the use of consumer credit history by certain entities, particularly in contexts where it may affect individuals' access to services or opportunities. The intent is to protect consumers from potential discrimination and ensure that credit history is used fairly and transparently.

Key Provisions

  • Restrictions on Use: The bill establishes specific circumstances under which consumer credit history can be utilized by businesses, particularly in lending, employment, and insurance sectors.
  • Disclosure Requirements: Entities that use credit history must provide clear disclosures to consumers about how their credit information will be used and the implications of that use.
  • Consumer Rights: The bill enhances consumer rights by allowing individuals to dispute inaccuracies in their credit reports and requiring timely resolution of such disputes.
  • Penalties for Non-Compliance: The legislation outlines penalties for businesses that fail to comply with the new regulations regarding the use of consumer credit history.

Affected Parties

  • Consumers: The primary beneficiaries of this bill are consumers, who will have greater protection against unfair practices related to credit history.
  • Businesses: Companies that rely on consumer credit history for decision-making will need to adjust their practices to comply with the new regulations.
  • Credit Reporting Agencies: These agencies may face increased scrutiny and responsibility in ensuring the accuracy and fairness of the credit information they provide.

Legislative Timeline

  • Introduced: January 23, 2025
  • Senate Actions:
    • Referred to the Consumer Affairs and Protection Committee (January 23, 2025)
    • Advanced to third reading (February 24, 2025)
    • Passed Senate (April 3, 2025)
    • Delivered to Assembly (April 3, 2025)
  • Assembly Actions:
    • Substituted for A 1316 (May 12, 2025)
    • Passed Assembly (May 28, 2025)
    • Returned to Senate (May 28, 2025)

Related Legislation

This bill is part of a broader legislative effort to address consumer protection issues, with several related bills from prior sessions, including:
- S 5653
- S 1545
- S 2884
- S 2631
- S 1731
- A 1316 (companion bill)

Conclusion

Bill S 3072 represents a significant step towards enhancing consumer protection in the realm of credit history usage. By imposing restrictions and requirements on how credit information can be utilized, the bill seeks to create a fairer environment for consumers while holding businesses accountable for their practices. The bill's current status indicates ongoing discussions and potential revisions as it returns to the Senate for further consideration.

Compiled from official sources — confirm details with the bill’s official record.

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