An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Fair Credit Reporting Act (FCRA)

A federal law that governs the collection, use, and accuracy of consumer credit information, ensuring fairness and privacy for consumers.

Security Freeze

A tool that restricts access to a person's credit report, making it harder for identity thieves to open new accounts in their name. No new credit can be granted while a freeze is in place unless temporarily lifted by the consumer.

Protected Consumer

In the context of this bill, this refers to an individual (typically a minor or an incapacitated person) for whom a representative (like a parent or guardian) can request a security freeze on their behalf.

Consumer Reporting Agency

A company that collects and sells information about people's credit and financial behavior, commonly known as a credit bureau (e.g., Equifax, Experian, TransUnion).

Protected Consumer's Representative

An individual authorized to act on behalf of a protected consumer, such as a parent or legal guardian for a child, when requesting a credit freeze.