Dusty Johnson: “I thank the leadership for moving to floor consideration of S. 1753, which amends the Fair Credit Reporting Act. This…”

“I thank the leadership for moving to floor consideration of S. 1753, which amends the Fair Credit Reporting Act. This bill, which was approved unanimously by the Senate Banking Committee, will ensure that millions of Americans continue to have access to affordable credit under a uniform national standard that includes significant new consumer protections. Similar legislation was passed out of the House of Representatives recently by an overwhelmingly bipartisan vote of 392 to 30. Only occasionally do we have the chance to vote for a bipartisan bill that so ably balances the needs of consumers and business. Under the leadership of Chairman Shelby and ranking member Sarbanes, we have achieved a product that is good for everyone. In the area of consumer credit, we have a rare convergence of interests. What is good for consumers helps business to expand, which in turn helps to give consumers more choice. The end result is a stronger economy. I urge my colleagues not to squander this opportunity to send a decisive message that we are committed to protecting and improving a pillar of this Nation's economy, and that is the consumer credit market.”