H.R. 3854 · 117th Congress
Small Business Credit Protection Act of 2021
- Stage
- In committee
- Sponsor
- W. Steube
- Introduced
- 2021-06-11
- Latest action
- 2021-06-11 · Introduced in House
Summary
Small Business Credit Protection Act of 2021
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.