118th Congress · HOUSE BILLBILL

H.R. 6870 — To amend the Equal Credit Opportunity Act to clarify creditor's rights and remedies with respect to the consideration of immigration status with respect to the extension of credit, and for other purposes.

“To amend the Equal Credit Opportunity Act to clarify creditor's rights and remedies with respect to the consideration of immigration status with respect to the extension of credit, and for other purposes.”

Finance and financial sector

Introduced Dec 19, 2023

Last action Dec 19, 2023

Pipeline · Bill → Law

Step 1

Introduced

Dec 19, 2023

Step 2

Referred

Dec 19, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill allows creditors to consider an applicant’s immigration status for certain purposes when assessing an application for an extension of credit. In particular, considering an applicant’s U.S. immigration status for the purpose of determining the creditor's rights and remedies applicable to the particular extension of credit does not constitute discrimination.

Provisions · 1 sectionsIntroduced in House

Timeline · 2 actions

Dec 19, 2023

Introduced in House

Dec 19, 2023

Referred to the House Committee on Financial Services.