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119-s-619119th CongressWALLET

Credit Freeze for Kids Act

Sponsored By: Senator Hassan, Margaret Wood [D-NH]

Introduced

Summary

Expedited, no-cost security freezes for protected consumers through their representatives. The Credit Freeze for Kids Act would amend the Fair Credit Reporting Act so consumer reporting agencies must accept direct freeze requests from a protected consumer's representative and act quickly.

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  • Protected consumers and their representatives: A security freeze would be placed free of charge within 3 business days when a representative requests by toll-free phone, secure electronic means, or mail.
  • Consumer reporting agencies: Agencies would have to accept sufficient proof of identification and authority, place the requested freeze within 3 business days, and notify other consumer reporting agencies so they also place freezes within 3 business days.
  • Implementation timing: The bill phases in these obligations 18 months after the law takes effect.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Free credit freezes for children

If enacted, this bill would let a protected consumer's authorized representative ask a consumer reporting agency (CRA) to place a free security freeze on the consumer's credit. The representative would need to send ID, proof of authority, and any other required documents. If the request is made by toll-free phone, secure electronic means, or mail, the CRA you contact would have to place the freeze within 3 business days at no charge. That CRA would also have to notify other CRAs within 3 business days, and each notified CRA would have to place the freeze within 3 business days after getting the notice. These rules would take effect 18 months after enactment.

Sponsors & CoSponsors

Sponsor

Hassan, Margaret Wood [D-NH]

NH • D

Cosponsors

  • Sen. Cornyn, John [R-TX]

    TX • R

    Sponsored 2/18/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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