01 — The Text
What.
- Allows landlords, utility companies, and HUD to report on-time rent and utility payments to credit bureaus.
- Prevents utilities from marking accounts as late if consumers have an active payment plan they're following.
- Expands credit reporting beyond traditional credit products (cards, loans) to include housing and service payments.
- GAO must study how this affects credit scores and consumer financial access.
02 — The Stakes
So what?
- Renters and utility customers can build credit history without using credit cards—especially helpful for unbanked or low-credit populations.
- People struggling with bills gain protection if they're on a payment plan, reducing damage to credit scores.
- Credit-invisible consumers (millions of Americans) could qualify for loans, mortgages, and insurance based on new payment data.
- Tradeoff: utilities and landlords get financial incentive to report; consumers lose privacy about their housing and service costs.
03 — The Path
Now what?
- Bill passed committee 28-23 in June 2026 with amendments. Next: full House floor vote, then Senate consideration.
- GAO reporting requirement means impact data won't arrive for 1-2 years, delaying evidence about real credit effects.
- Contact your House representative before floor vote to share whether rent/utility reporting would help or concern you.
Legislative History
Actions.
- Jun 30, 2026 — Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23.
- Jun 30, 2026 — Committee Consideration and Mark-up Session Held
- Sep 16, 2025 — Referred to the House Committee on Financial Services.
- Sep 16, 2025 — Introduced in House
- Sep 16, 2025 — Introduced in House