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Protecting Small Business Credit Data from Breaches

This act introduces new rules for credit reporting companies to better protect small business information from data breaches. If a breach occurs, these companies must promptly notify affected small businesses. For 180 days following a breach, small businesses will not be charged for accessing their credit reports.
Key points
Credit reporting companies must promptly report data breaches affecting small businesses, following state law or without unreasonable delay.
Small businesses affected by a data breach will receive free access to their credit reports for 180 days.
The act does not override existing state laws regarding credit reporting, allowing states to maintain their own, potentially stricter, regulations.
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Expired
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Additional Information
Print number: 117_S_2034
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2021-06-10
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Small Business Credit Protection Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2034.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-10.

What are the main provisions?

Key points include:

  • Credit reporting companies must promptly report data breaches affecting small businesses, following state law or without unreasonable delay.
  • Small businesses affected by a data breach will receive free access to their credit reports for 180 days.
  • The act does not override existing state laws regarding credit reporting, allowing states to maintain their own, potentially stricter, regulations.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Rubio, Marco [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

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