S. 1371 · 118th Congress
Small Business Credit Protection Act of 2023
- Stage
- In committee
- Sponsor
- Marco Rubio
- Introduced
- 2023-04-27
- Latest action
- 2023-04-27 · Introduced in Senate
Summary
Small Business Credit Protection Act of 2023
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.