Bills · S 1465
IN COMMITTEE· 119TH CONGRESS
Senate BillS 1465Credit and credit marketsDebt collection
Credit Access and Inclusion Act of 2025
INTRO APR 10· LAST ACTION APR 10
READING
3MIN
COSPONSORS
4
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it could significantly change how credit scores are calculated and who has access to credit. For many people, rent and utility payments are among their largest and most consistent monthly expenses, yet they typically don't count towards building a credit history. If this bill becomes law, responsible payment behavior for these essential services could help establish or improve credit scores for individuals who currently have little to no credit history.
Without this bill, millions of Americans struggle to access financial products like mortgages, car loans, or even secure better insurance rates because their reliable payment history for rent and utilities isn't reflected in their credit reports. By allowing this 'positive' data to be reported, the bill aims to make the credit system more inclusive, potentially lowering borrowing costs for some and expanding opportunities for housing and financial stability. If it doesn't become law, these significant payment histories will largely remain outside the traditional credit system, continuing the challenges faced by those with thin credit files.
KEY PROVISIONS
4AI-extractedPROVISION 01
Allows landlords and the Department of Housing and Urban Development (HUD) to report positive rental payment information to credit bureaus.
This can help renters, especially those with little credit history, build or improve their credit scores through on-time rent payments.
PROVISION 02
Permits utility and telecommunication companies to report consumer payment data for services like gas, electric, water, internet, and phone to credit bureaus.
Consumers can establish or strengthen their credit profiles based on their consistent payment of essential household bills.
PROVISION 03
Prevents energy utility firms from reporting a consumer's outstanding balance as late if the consumer is on an agreed-upon payment plan and meeting its terms.
This protects consumers who are making good-faith efforts to pay off debts from negative credit reporting during a financial hardship.
PROVISION 04
Requires the Government Accountability Office (GAO) to study the impact of these new credit reporting provisions on consumers within two years.
This ensures an independent review of how the changes affect consumers, providing data for future policy decisions.
SPONSORSHIP
1 + 4
R· South Carolina
YRS IN OFFICE
15
BILLS LED
66
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 4 IND 0
ACTION TIMELINE
2 EVENTSAPR 10
Introduced in Senate
APR 10
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Bill
NumberS 1465
Congress119th
StatusIn Committee
IntroducedApr 10, 2025
Last actionApr 10, 2025
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED APR 10, 2025
Senate BillS 1465Credit and credit marketsDebt collection
Credit Access and Inclusion Act of 2025
INTRODUCED APR 10, 2025· LAST ACTION APR 10, 2025
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
4
COMPLEXITY
Moderate
