Clean Slate through Repayment Act of 2022

Bill 117 HR 6749, also known as the Clean Slate through Repayment Act of 2022, is a piece of legislation introduced in the US Congress. The main goal of this bill is to provide individuals with a pathway to financial recovery by allowing them to have certain debts removed from their credit reports after they have been fully repaid.

The bill outlines a process by which individuals can request that debts, such as medical bills, student loans, and credit card debt, be removed from their credit reports once they have been paid off in full. This would allow individuals to rebuild their credit and improve their financial standing.

Additionally, the Clean Slate through Repayment Act of 2022 includes provisions to ensure that credit reporting agencies comply with the requirements of the bill and do not unfairly penalize individuals who have successfully repaid their debts. Overall, this legislation aims to provide individuals with a second chance at financial stability by giving them the opportunity to have certain debts removed from their credit reports after they have been fully repaid.