S. 84Senate116th Congress (2019-2021)In Committee

Small Business Credit Protection Act

Introduced January 10, 2019

AI-Generated Summary

Updated April 14, 2026 at 12:20 AM UTC

The Small Business Credit Protection Act would change the Small Business Act to give small businesses the same breach‑notification protections that consumers receive from credit reporting agencies. It requires these agencies to tell affected small businesses about a data breach promptly, following the reporting deadline of the state where the business is located (or the shortest deadline if the business operates in several states). The law also bars agencies from charging the business for its own credit report for 180 days after a breach and calls for a government report on the economic impact of such breaches.

Key Provisions

  • Defines “credit reporting company” to include any entity that collects commercial credit data.
  • If a credit reporting company experiences a breach of a small business’s nonpublic data, it must notify the business promptly, adhering to the reporting deadline of the state where the business is located, or the shortest state deadline if the business is in multiple states.
  • When no state law sets a reporting deadline, the company must report the breach as quickly as practicable, without unreasonable delay.
  • During the 180‑day period after a breach, the credit reporting company may not charge the affected small business for providing its own credit report.
  • The Comptroller General must submit a report to Congress within one year on the economic harm to small businesses from such data breaches.

Legislative Activity

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2 earlier actions
SenateCommittee Latest Action

Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-110.

February 13, 2019

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SenateIntro Referral

Introduced in Senate

January 10, 2019

SenateIntro Referral

Read twice and referred to the Committee on Small Business and Entrepreneurship.

January 10, 2019

SenateCommittee

Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-110.

February 13, 2019

Floor Debate

24 members

What members said about S. 84 on the floor

5 Republicans19 Democrats
Virginia Foxx
Rep. Virginia FoxxR-NC-5 · Mar 27, 2019

Madam Chair, I yield myself such time as I may consume. Madam Chair, my friend, the chairman, is a diligent and thoughtful colleague, and I believe his heart is in the right place. Everyone in this…

Robert C. "Bobby" Scott
Rep. Robert C. "Bobby" ScottD-VA-3 · Mar 27, 2019

Madam Speaker, I ask unanimous consent that all Members may have 5 legislative days in which to revise and extend their remarks and insert extraneous material on H.R. 7, the Paycheck Fairness Act.…

Bradley Byrne
Rep. Bradley ByrneR-AL-1 · Mar 27, 2019

Madam Chair, I thank my colleague for yielding. I believe all my colleagues can agree that women deserve equal pay for equal work. However, the bill considered today takes the wrong approach to…

Nancy Pelosi
Rep. Nancy PelosiD-CA-12 · Mar 27, 2019

Madam Chair, I thank the gentleman for yielding. I thank him also for his extraordinary leadership in matters that relate to the education of the American people, employment preparedness, fairness in…

Susan Wild
Rep. Susan WildD-PA-7 · Mar 27, 2019

Madam Chair, I rise in opposition to the Byrne amendment. Madam Chair, don't be mistaken. This amendment is a clear attempt to undermine the fundamental objectives of the Paycheck Fairness Act, which…

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Donald S. Beyer, Jr.
Rep. Donald S. Beyer, Jr.D-VA-8 · Mar 27, 2019

Madam Chair, I am a businessman. I am also the father of three daughters. I have managed people and managed compensation plans for more than 40 years, and I know that we cannot manage what we do not…

Ilhan Omar
Rep. Ilhan OmarD-MN-5 · Mar 27, 2019

Madam Chair, I am honored to rise today to speak on H.R. 7, the Paycheck Fairness Act. I am proud to be part of a Congress that is finally taking action to close the gender pay gap. After so many…

Lauren Underwood
Rep. Lauren UnderwoodD-IL-14 · Mar 27, 2019

Madam Chair, let me be very clear: Equal pay for equal work has never been a reality for women in America. Congress recognized this for the first time 56 years ago, before I was even born, when the…

Elise M. Stefanik
Rep. Elise M. StefanikR-NY-21 · Mar 27, 2019

Madam Chair, I thank my good friend, Ranking Member Foxx. Madam Chair, there are nearly 75 million women working in the United States, the most in our Nation's history. Thanks to our strong economy,…

Norma J. Torres
Rep. Norma J. TorresD-CA-35 · Mar 27, 2019

Madam Chair, I have an amendment at the desk. Madam Chair, I rise today to offer an amendment to H.R. 7, the Paycheck Fairness Act, and I strongly support H.R. 7 and any effort to address the gender…

Christopher H. Smith
Rep. Christopher H. SmithR-NJ-4 · Mar 27, 2019

Madam Chair, I rise today in support of H.R. 7, the Paycheck Fairness Act--a modest, common-sense solution to the problem of pay inequity. Equal pay for equal work is not only a core value of mine…

Steny H. Hoyer
Rep. Steny H. HoyerD-MD-5 · Mar 27, 2019

Mr. Chairman, I thank the gentleman for yielding. I wanted to speak during general debate, but I will take this time to speak on behalf of this legislation and also to rise in support of the…

Pramila Jayapal
Rep. Pramila JayapalD-WA-7 · Mar 27, 2019

Mr. Chairman, I rise as the designee for Congresswoman Waters to offer her amendment. Mr. Chairman, what a moment of tremendous pride it is to be here in the 116th Congress under a Democratic…

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Rosa L. DeLauro
Rep. Rosa L. DeLauroD-CT-3 · Mar 27, 2019

Madam Chair, I rise in support of H.R. 7, the Paycheck Fairness Act. It is a historic day on the House of Representatives floor, and we are going to pass paycheck fairness, equal pay for equal work,…

Frederica S. Wilson
Rep. Frederica S. WilsonD-FL-24 · Mar 27, 2019

Madam Chair, I rise in strong support of H.R. 7, the Paycheck Fairness Act. I thank Representative DeLauro for her efforts in continuing to push this bill to fruition. As chair of the HELP…

Brenda L. Lawrence
Rep. Brenda L. LawrenceD-MI-14 · Mar 27, 2019

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, I yield myself such time as I may consume. Mr. Chairman, I would first like to thank Representative Rosa DeLauro for her hard work on H.R.…

Lori Trahan
Rep. Lori TrahanD-MA-3 · Mar 27, 2019

Madam Chair, I claim the time in opposition. Madam Chair, before addressing the pending amendment, I want to thank the gentleman from Virginia (Mr. Scott) for his leadership and also express my…

Anthony G. Brown
Rep. Anthony G. BrownD-MD-4 · Mar 27, 2019

Mr. Chair, I have an amendment at the desk. Mr. Chairman, I yield myself such time as I may consume. Let me start by saying it is a privilege to be able to stand on the floor of the U.S. House of…

Mikie Sherrill
Rep. Mikie SherrillD-NJ-11 · Mar 27, 2019

Madam Speaker, I rise today in opposition to the motion to recommit offered by the gentlewoman from North Carolina. There are few things that define us as a country more distinctly than the idea of…

Suzanne Bonamici
Rep. Suzanne BonamiciD-OR-1 · Mar 27, 2019

Madam Chair, today women make up nearly half of our workforce. Sixty-four percent of mothers in the United States work outside the home. Many are the sole family wage earner. Their wages pay for…

Liz Cheney
Rep. Liz CheneyR-WY · Mar 27, 2019

Madam Chair, I would like to start by thanking my dear friend and colleague, Ms. Foxx, the Republican leader of the House Education and Labor Committee, for her tremendous work and leadership on…

Jerrold Nadler
Rep. Jerrold NadlerD-NY-10 · Mar 27, 2019

Madam Chair, I thank the gentleman for yielding. Madam Speaker, in 1963, when the Equal Pay Act was signed into law, women earned 59 cents on the dollar compared to men. In the 56 years since, that…

Sheila Jackson Lee
Rep. Sheila Jackson LeeD-TX-18 · Mar 27, 2019

Mr. Chairman, I thank the gentleman for yielding, the chairman of the full committee, I acknowledge the ranking member, and indicate that, as all of us who have come to the floor, this is an…

Eleanor Holmes Norton
Rep. Eleanor Holmes NortonD-DC · Mar 27, 2019

Mr. Chair, I thank my friend for yielding. I have left the chair, where I had been presiding, to speak on my bill, which is included in H.R. 7. My bill is Pay Equity for All, to bar an employer from…

Bill Text

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Introduced in SenateIssued January 10, 2019

II

116th CONGRESS

1st Session

S. 84

IN THE SENATE OF THE UNITED STATES

January 10, 2019

Mr. Rubio (for himself, Mr. Kennedy, Mr. Coons, and Mr. Jones) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship

A BILL

To amend the Small Business Act to require that consumer reporting agencies and other credit reporting companies provide certain protections to small businesses, and for other purposes.

1.

Short title

This Act may be cited as the Small Business Credit Protection Act.

2.

Data breaches

(a)

In general

The Small Business Act (15 U.S.C. 631 et seq.) is amended—

(1)

by redesignating section 49 (15 U.S.C. 631 note) as section 50; and

(2)

by inserting after section 48 (15 U.S.C. 657u) the following:

49.

Data breaches

(a)

Definition

In this section, the term credit reporting company—

(1)

has the meaning given the term consumer reporting agency in section 603 of the Fair Credit Reporting Act (15 U.S.C. 1681a); and

(2)

includes an entity that collects commercial credit data.

(b)

Requirements for reporting breaches

(1)

Applicable State law

(A)

In general

Except as provided in paragraph (2), if nonpublic data of a small business concern that is collected or stored by a credit reporting company has been breached, the credit reporting company shall report the breach promptly and not later than as required under the law of the State in which the small business concern is located.

(B)

Locations in multiple States

If a small business concern that is affected by a breach described in subparagraph (A) has locations in more than 1 State, for the purposes of that subparagraph, the law of the State that imposes the shortest period for the reporting of the breach shall apply.

(2)

Exception

(A)

In general

If a small business concern that is affected by a breach described in paragraph (1)(A) is located in a State that does not have a law that imposes a set period for the reporting of the breach, the credit reporting company to which the requirement under that paragraph applies shall report the breach in the most expeditious manner practicable and without unreasonable delay.

(B)

Rule of construction regarding a law enforcement request

For the purposes of subparagraph (A), a delay with respect to the reporting of a breach described in that subparagraph that is caused by a requirement to respond to a request submitted by a law enforcement agency shall be construed to be a reasonable delay.

(c)

Prohibition

During the 180-day period beginning on the date on which a breach described in subsection (b)(1)(A) occurs, a credit reporting company may not charge a small business concern that is affected by that breach for providing the small business concern with the credit report of the small business concern.

(d)

No preemption

Nothing in this section shall preempt any State law with respect to credit reporting companies.

.

(b)

GAO report

(1)

Definitions

In this subsection—

(A)

the term credit reporting company—

(i)

has the meaning given the term consumer reporting agency in section 603 of the Fair Credit Reporting Act (15 U.S.C. 1681a); and

(ii)

includes an entity that collects commercial credit data; and

(B)

the term small business concern has the meaning given the term in section 3(a) of the Small Business Act (15 U.S.C. 632(a)).

(2)

Report

Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall submit to Congress a report regarding the economic harm incurred by small business concerns as a result of data breaches at credit reporting companies.