I commend the leadership shown by the gentleman from Ohio (Mr. Oxley), the ranking member, the gentleman from Massachusetts (Mr. Frank), and the subcommittee chairman, the gentleman from Alabama (Mr. Bachus), and their staff who put this important bill together. Reauthorizing the expiring provisions in the Fair Credit Reporting Act had the potential to be extremely divisive, partisan and contentious. However, their diligent efforts have created a solid piece of legislation that was reported from the Committee on Financial Services by an overwhelming bipartisan vote. I believe this legislation is a testament to their hard work, and I give them credit for it. Mr. Chairman, the Ney-Royce-Scott amendment is straightforward. It will amend sections 501 and 502 of H.R. 2622 so they will be able to set a national standard for consumer access to credit scores and credit reports. As Members know, section 501 requires that all consumers have the right to request a free copy of their credit report every year. This is a common sense way to help combat identity theft and fraud while helping Americans maintain a good credit rating.
Editor's note · Context
Discussing the Ney-Royce-Scott amendment to the Fair Credit Reporting Act.
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