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Small Business Credit Protection Act
12/31/2022, 5:28 AM
Congressional Summary of S 2034
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.
Read the Full Bill
Current Status of Bill S 2034
Bill S 2034 is currently in the status of Bill Introduced since June 10, 2021. Bill S 2034 was introduced during Congress 117 and was introduced to the Senate on June 10, 2021. Bill S 2034's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. as of June 10, 2021
Bipartisan Support of Bill S 2034
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
3Democrat Cosponsors
2Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2034
Primary Policy Focus
CommercePotential Impact Areas
- Business records
- Computer security and identity theft
- Congressional oversight
- Consumer credit
- Credit and credit markets
- Government studies and investigations
Alternate Title(s) of Bill S 2034
A bill to amend the Small Business Act to require that consumer reporting agencies and other credit reporting companies provide certain protections to small businesses, and for other purposes.
Small Business Credit Protection Act
Small Business Credit Protection Act
Comments
Sponsors and Cosponsors of S 2034
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