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MI HR0394

Resolution

Official Source

Status

Introduced

6/12/2014

Primary Sponsor

Theresa Abed

Click for details

Origin

House of Representatives

97th Legislature

AI Summary

  • Urges Congress to enact legislation prohibiting credit inquiries from negatively impacting credit scores.
  • Identifies credit scores as significantly affecting a person's ability to obtain housing, transportation, and lines of credit at reasonable interest rates.
  • Notes that credit score reductions from shopping for credit terms jeopardize financing ability and unnecessarily increase interest rates.
  • Requires copies of the resolution to be sent to the President of the United States Senate, Speaker of the House, and Michigan's congressional delegation.

Legislative Description

A resolution to memorialize the Congress of the United States to enact legislation that would prohibit credit inquiries from impacting credit scores.

Congress of the United States

Last Action

Referred To Committee On Financial Services

6/12/2014

Committee Referrals

Financial Services6/12/2014

Full Bill Text

No bill text available