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119-s-656119th CongressWALLET
Fair Credit for American Hostages Act of 2025
Sponsored By: Senator Coons, Christopher A. [D-DE]
Introduced
Summary
Stops negative credit reporting for U.S. nationals who were unlawfully detained or taken hostage abroad. It would add Section 605D to the Fair Credit Reporting Act (FCRA) to bar adverse credit entries that date from a documented period of unlawful or wrongful detention or hostage status abroad.
Show full summary
- Covered consumers: U.S. nationals who can show authenticated "detention or hostage documentation" would not have adverse items from the detention period appear on their consumer reports. Authentication must come from the Special Presidential Envoy for Hostage Affairs or the Hostage Recovery Fusion Cell.
- Consumer reporting agencies: Agencies subject to the FCRA would be prohibited from furnishing consumer reports that include any adverse item tied to the documented detention timeframe.
- Lenders and creditors: Those who rely on consumer reports would not receive adverse items from the covered detention period, which could affect credit decisions.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Block bad credit for hostages
If enacted, consumer reporting agencies would not be allowed to include adverse credit items that date to when a U.S. national was unlawfully or wrongfully detained abroad or held hostage. You would need to provide detention or hostage paperwork that shows the time you were detained and is authenticated by the Special Presidential Envoy for Hostage Affairs or the Hostage Recovery Fusion Cell. The ban only applies when the credit bureau can verify that authenticated documentation. The rule would take effect upon enactment.
Sponsors & CoSponsors
Sponsor
Coons, Christopher A. [D-DE]
DE • D
Cosponsors
Sen. Tillis, Thomas [R-NC]
NC • R
Sponsored 2/20/2025
Sen. Wyden, Ron [D-OR]
OR • D
Sponsored 2/20/2025
Sen. Lummis, Cynthia M. [R-WY]
WY • R
Sponsored 2/20/2025
Sen. Van Hollen, Chris [D-MD]
MD • D
Sponsored 2/20/2025
Sen. Rounds, Mike [R-SD]
SD • R
Sponsored 2/20/2025
Sen. Collins, Susan M. [R-ME]
ME • R
Sponsored 2/24/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov