US HB5354

Prohibits employers from using consumer credit reports containing creditworthiness, credit standing, or credit capacity information for employment decisions or adverse actions against prospective or current employees

Applies regardless of whether the consumer consents to or authorizes the credit check for employment purposes

Provides two exceptions allowing credit checks: positions requiring national security clearance and situations otherwise required by law

Amends Section 604 of the Fair Credit Reporting Act (15 U.S.C. 1681b) to add these restrictions while preserving existing disclosure and notification requirements

Introduced September 15, 2025 by Rep. Cohen with bipartisan cosponsors (Davis of Illinois, Mullin, Norton, Schakowsky) and referred to the Committee on Financial Services