H.C.R. No. 34 Summary

• Urges the United States Congress to review and evaluate credit reporting agencies and how credit scores create economic inequities, particularly for communities of color and underserved consumers.

• Asserts that credit scoring reflects the racial economic divide and wealth gap in the country while perpetuating racial and economic inequality through gatekeeping access to credit, employment, housing, and insurance.

• Argues that credit-scoring systems have discriminatory effects on people of color despite using facially neutral factors, and that fixing the system is both a moral imperative and legal obligation under the Fair Housing Act and Equal Credit Opportunity Act.

• Directs Congress to examine the impact of credit-scoring mechanisms on underserved groups and to analyze and correct the disparate impact of credit-scoring systems.

• Requires the House Clerk to transmit copies of the resolution to the President, Congress, Ohio congressional delegation, Governor of Ohio, and Ohio news media.