HR5402Referred to Committee
Credit Access and Inclusion Act of 2025
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2025-09-16
Introduced
2
Cosponsors
HR
ⓘType
Sponsor
Young Kim
Republican · CA · Representative
Votes with party: 97.6% (549 recorded votes)
Full profile: /officials/K000397
Source: Congress.gov · FEC
Cosponsors (2)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Plain-English Summary
This bill would allow banks and credit card companies to consider alternative payment histories—like rent, utility, and phone bill payments—when deciding whether to approve loans and credit applications, not just traditional credit scores. The change would help people without extensive credit histories, including immigrants and young adults, access credit more easily by showing they can pay their bills on time. Financial institutions would have more flexibility in evaluating creditworthiness while consumers would have more opportunities to build credit and access loans.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
Finance and Financial Sector
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