Debt Bondage Repair Act

Hozzl · 2023-03-08T19:58:39Z

Explore the details of House Bill 2332 Debt Bondage Repair Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/8/2023, 7:58 PM

Summary of Bill HR 2332

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.

Congressional Summary of HR 2332

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.

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Current Status of Bill HR 2332

Bill HR 2332 is currently in the status of Introduced to Senate since June 16, 2021. Bill HR 2332 was introduced during Congress 117 and was introduced to the House on April 1, 2021. Bill HR 2332's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of June 16, 2021

Bipartisan Support of Bill HR 2332

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2332

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures

- Consumer Financial Protection Bureau

- Consumer credit

- Crime victims

- Human trafficking

- Sex offenses

- Smuggling and trafficking

Alternate Title(s) of Bill HR 2332

Debt Bondage Repair Act

To 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.

Debt Bondage Repair Act