A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Fair Credit Reporting; Name-Only Matching Procedures".

I move to proceed to Calendar No. 392, S.J. Res. 140.

Mr. President, I rise today in support of my resolution to restore CFPB guidance that prevented mistaken identity on credit reports, which can destroy someone's credit through no fault of their own.

Credit and background reports are incredibly important to the lives of Americans. The difference between good credit and bad credit can decide whether someone gets a house, an apartment, or a job. It determines how much money they will spend in order to afford a house.

These reports may include criminal records or eviction records, so they need to be accurate.

If they are inaccurate because of lazy name-matching practices, they can result in you being denied a job or apartment based on the wrong person's criminal or eviction record--a case of mistaken identity. And by the time you figure out what went wrong and jump through all the hoops to fix the problem, it is often too late for that job or apartment.

The CFPB, under the previous administration, tried to fix this problem by saying companies need more than just someone's name to identify someone, but the Trump administration has torn up this guidance and made the lives of ordinary folks harder--harder to get a job, harder to find an apartment. I don't get it.

I encourage my colleagues to vote yes on my resolution to restore this simple guidance to stop credit report mistaken identity by companies and debt collectors.

I yield the floor.

Vote on Motion to Proceed