S.Amdt. 2358

SA 2358. Mr. HAGERTY (for himself and Mr. Reed) submitted an
amendment intended to be proposed by him to the bill S. 4638, to
authorize appropriations for fiscal year 2025 for military activities
of the Department of Defense, for military construction, and for
defense activities of the Department of Energy, to prescribe military
personnel strengths for such fiscal year, and for other purposes; which
was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. _____. TREATMENT OF PRESCREENING REPORT REQUESTS.

Section 604(c) of the Fair Credit Reporting Act (15 U.S.C.
1681b(c)) is amended by adding at the end the following:
``(4) Treatment of prescreening report requests.--
``(A) Definitions.--In this paragraph:
``(i) Credit union.--The term `credit union' means a
Federal credit union or a State credit union, as those terms
are defined in section 101 of the Federal Credit Union Act
(12 U.S.C 1752).
``(ii) Insured depository institution.--The term `insured
depository institution' has the meaning given the term in
section 3 of the Federal Deposit Insurance Act (12 U.S.C.
1813(c)).
``(iii) Residential mortgage loan.--The term `residential
mortgage loan' has the meaning given the term in section 1503
of the S.A.F.E. Mortgage Licensing Act of 2008 (12 U.S.C.
5102).
``(iv) Servicer.--The term `servicer' has the meaning given
the term in section 6(i) of the Real Estate Settlement
Procedures Act of 1974 (12 U.S.C. 2605(i)).
``(B) Limitation.--If a person requests a consumer report
from a consumer reporting agency in connection with a credit
transaction involving a residential mortgage loan,

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that agency may not, based in whole or in part on that
request, furnish a consumer report to another person under
this subsection unless that other person--
``(i) has submitted documentation to that agency certifying
that such other person has, pursuant to paragraph (1)(A), the
authorization of the consumer to whom the consumer report
relates; or
``(ii)(I) has originated a current residential mortgage
loan of the consumer to whom the consumer report relates;
``(II) is the servicer of a current residential mortgage
loan of the consumer to whom the consumer report relates; or
``(III)(aa) is an insured depository institution or credit
union; and
``(bb) holds a current account for the consumer to whom the
consumer report relates.''.
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