Small Business Credit Protection Act
- Last Action
- 6/10/2021
Actions
- 2021-06-10Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 2021-06-10Introduced in Senate
CRS Summary
As of 2021-06-10 (00)
Small Business Credit Protection Act
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 (3)
- Christopher Coons (D-DE)
- John Kennedy (R-LA)
- Raphael Warnock (D-GA)
Subjects
- Business records
- Computer security and identity theft
- Congressional oversight
- Consumer credit
- Credit and credit markets
- Government studies and investigations
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.