Small Business Credit Protection Act of 2023
- Last Action
- 4/27/2023
Actions
- 2023-04-27Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 2023-04-27Introduced in Senate
CRS Summary
As of 2023-04-27 (00)
Small Business Credit Protection Act of 2023
This bill establishes requirements related to breaches of data belonging to small businesses.
Specifically, a consumer reporting agency must promptly report any breach of nonpublic small business data. In the event of a breach, a consumer reporting agency may not charge a small business for a credit report. Additionally, the Government Accountability Office must report on the economic harm to small businesses resulting from data breaches at consumer reporting agencies.
Cosponsors (2)
- Raphael Warnock (D-GA)
- John Kennedy (R-LA)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.