Debt Bondage Repair Act

3/8/2023, 7:58 PM

Debt Bondage Repair Act

This bill prohibits a consumer reporting agency from reporting adverse credit information about a consumer that is the result of severe human trafficking or sex trafficking. A court of competent jurisdiction or a federal or state government entity must determine that the consumer is a victim of trafficking.

The Debt Bondage Repair Act, also known as Bill 117 hr 2332, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address the issue of debt bondage, which occurs when individuals are forced to work in order to pay off a debt that they cannot realistically repay.

The bill aims to provide protections for individuals who are trapped in debt bondage, including measures to prevent employers from exploiting workers in this situation. It also seeks to increase penalties for those who engage in debt bondage practices, in order to deter this form of modern slavery.

Additionally, the Debt Bondage Repair Act includes provisions for the establishment of a task force to investigate and prosecute cases of debt bondage, as well as to provide support and resources for victims of this crime. Overall, the goal of this legislation is to combat the practice of debt bondage and to ensure that individuals are not forced into exploitative working conditions in order to repay debts. It is an important step towards protecting the rights and dignity of all workers in the United States.
Congress
117

Number
HR - 2332

Introduced on
2021-04-01

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

6/16/2021

Status of Legislation

Bill Introduced
Introduced to House
Passed in House
Introduced to Senate
Senate to Vote

Purpose and Summary

Debt Bondage Repair Act

This bill prohibits a consumer reporting agency from reporting adverse credit information about a consumer that is the result of severe human trafficking or sex trafficking. A court of competent jurisdiction or a federal or state government entity must determine that the consumer is a victim of trafficking.

The Debt Bondage Repair Act, also known as Bill 117 hr 2332, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address the issue of debt bondage, which occurs when individuals are forced to work in order to pay off a debt that they cannot realistically repay.

The bill aims to provide protections for individuals who are trapped in debt bondage, including measures to prevent employers from exploiting workers in this situation. It also seeks to increase penalties for those who engage in debt bondage practices, in order to deter this form of modern slavery.

Additionally, the Debt Bondage Repair Act includes provisions for the establishment of a task force to investigate and prosecute cases of debt bondage, as well as to provide support and resources for victims of this crime. Overall, the goal of this legislation is to combat the practice of debt bondage and to ensure that individuals are not forced into exploitative working conditions in order to repay debts. It is an important step towards protecting the rights and dignity of all workers in the United States.
Alternative Names
Official Title as IntroducedTo prohibit consumer reporting agencies from furnishing a consumer report containing any adverse item of information about a consumer if such consumer is a victim of trafficking, and for other purposes.

Policy Areas
Finance and Financial Sector

Potential Impact
Administrative law and regulatory procedures•
Consumer Financial Protection Bureau•
Consumer credit•
Crime victims•
Human trafficking•
Sex offenses•
Smuggling and trafficking

Comments

Recent Activity

Latest Summary8/2/2021

Debt Bondage Repair Act

This bill prohibits a consumer reporting agency from reporting adverse credit information about a consumer that is the result of severe human trafficking or sex trafficking. A court of competent ju...


Latest Action6/16/2021
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.