Bills · HR 5083
IN COMMITTEE· 119TH CONGRESS
House BillHR 5083Finance and Financial Sector
To require the Bureau of Consumer Financial Protection and the Federal Trade Commission to conduct a study on use of additional key factors in credit scoring models, and for other purposes.
INTRO SEP 2· LAST ACTION SEP 2
READING
2MIN
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- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it explores ways to potentially broaden access to credit for millions of Americans. Currently, credit scores heavily rely on traditional debt like credit cards and mortgages. Many people, especially younger individuals, those with lower incomes, or recent immigrants, might not have extensive traditional credit histories but are financially responsible, regularly paying rent, utilities, and other bills.
If this study reveals that including these alternative payment histories in credit scoring models makes them more accurate and inclusive without increasing risk, it could lead to policy changes. Such changes could allow more people to get loans, buy homes, or start businesses, fostering greater economic participation. If the bill doesn't pass, the exploration of these alternative data points might not happen as comprehensively or quickly, potentially leaving many creditworthy individuals underserved by the current financial system.
KEY PROVISIONS
4AI-extractedPROVISION 01
Requires the Bureau of Consumer Financial Protection (CFPB) and the Federal Trade Commission (FTC) to conduct a joint study.
This ensures that two key federal agencies with expertise in consumer finance and fair markets will investigate credit scoring practices.
PROVISION 02
Mandates a report to Congress by December 31, 2025, detailing the findings of the study.
This sets a clear deadline for the agencies to deliver actionable insights to lawmakers for potential future policy decisions.
PROVISION 03
Specifies a list of 'key factors' for the study, including rental history, utility payments, 'Buy Now, Pay Later' contracts, and electronic benefit transfer records.
This provision directs the study to focus on specific alternative data points that are often not included in traditional credit scores.
PROVISION 04
Examines how the use of these additional factors affects how creditors assess a consumer's creditworthiness.
This focuses the study on the practical impact of these new data points on lending decisions and consumer access to credit.
SPONSORSHIP
1 + 0
D· Louisiana
YRS IN OFFICE
33
BILLS LED
9
ACTION TIMELINE
2 EVENTSSEP 2
Introduced in House
SEP 2
Referred to the House Committee on Financial Services.
BILL INFO
TypeHouse Bill
NumberHR 5083
Congress119th
StatusIn Committee
IntroducedSep 2, 2025
Last actionSep 2, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED SEP 2, 2025
House BillHR 5083Finance and Financial Sector
To require the Bureau of Consumer Financial Protection and the Federal Trade Commission to conduct a study on use of additional key factors in credit scoring models, and for other purposes.
INTRODUCED SEP 2, 2025· LAST ACTION SEP 2, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
0
COMPLEXITY
Moderate
