S. 1467 Passed the Senate Finance and Financial Sector

Homebuyers Privacy Protection Act

A bill to amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed Senate
  4. Passed House
  5. To President
  6. Became law
Sponsor Sen. Reed, Jack [D-RI] Introduced April 10, 2025 Cosponsors 45 (24 D, 20 R, 1 I) Latest action June 17, 2025

Summary

Homebuyers Privacy Protection Act
This bill limits the circumstances in which credit reporting agencies may provide consumer credit reports to third parties in connection with residential mortgage transactions. 
Specifically, the bill prohibits a credit reporting agency from providing a consumer's credit report to a third party in connection with a residential mortgage transaction unless the transaction consists of a firm offer of credit or insurance and (1) the third party provides documentation certifying that it has the consumer's consent; or (2) the third party has originated a mortgage on behalf of the consumer, is a current mortgage loan servicer to the consumer, or has a current specified banking relationship with the consumer.
These provisions take effect 180 days after the bill's enactment.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jun 17, 2025 Held at the desk.
  2. Jun 17, 2025 Received in the House.
  3. Jun 12, 2025 Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396)
  4. Jun 12, 2025 Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S3395-3396)
  5. Jun 12, 2025 Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
  6. Apr 10, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2567)
  7. Apr 10, 2025 Introduced in Senate

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