Govwatch

Introduced

In Committee

Passed One Chamber

4

Passed Both

5

Signed into Law

Sponsor

Jack Reed

Democrat · RI · Senator

Votes with party: 58.0% (319 recorded votes)

Full profile: /officials/R000122

Source: Congress.gov · FEC

Cosponsors (45)

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 →

Held at the desk.

2025-06-17

Source: Congress.gov

Committee Activity

Currently in

Senate Committee on Banking, Housing, and Urban AffairsDischarged From · 2025-06-12

Previously

Banking, Housing, and Urban Affairs CommitteeDischarged From · 2025-06-12
Banking, Housing, and Urban Affairs CommitteeReferred To · 2025-04-10
Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2025-04-10

Plain-English Summary

Homebuyers Privacy Protection Act This bill limits the circumstances in which credit reporting agencies may provide consumer credit reports to third parties in connection with residential mortgage transactions. Specifically, the bill prohibits a credit reporting agency from providing a consumer's credit report to a third party in connection with a residential mortgage transaction unless the transaction consists of a firm offer of credit or insurance and (1) the third party provides documentation certifying that it has the consumer's consent; or (2) the third party has originated a mortgage on behalf of the consumer, is a current mortgage loan servicer to the consumer, or has a current specified banking relationship with the consumer. These provisions take effect 180 days after the bill's enactment.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Finance and Financial Sector

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Open text view Read on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.