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Credit Protection for Americans Wrongfully Detained or Held Hostage Abroad.

This law protects US citizens who were unlawfully detained or held hostage abroad from suffering negative financial consequences upon their return. Credit reporting agencies are prohibited from including adverse information in credit reports that originated during the period of their captivity. This ensures that returning individuals avoid having their credit history ruined due to circumstances entirely beyond their control.
Key points
Prohibits negative credit entries if they occurred during the time the consumer was unlawfully detained or held hostage abroad.
Protection applies only to US nationals whose status as a hostage or wrongfully detained person is confirmed by relevant government authorities.
Allows returning hostages to rebuild their financial lives without the burden of poor credit scores resulting from their detention.
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Expired
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Additional Information
Print number: 118_S_5543
Sponsor: Sen. Coons, Christopher A. [D-DE]
Process start date: 2024-12-16
Lustra uses Artificial Intelligence. Verify details in source documents.
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Fair Credit for American Hostages Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_5543.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-12-16.

What are the main provisions?

Key points include:

  • Prohibits negative credit entries if they occurred during the time the consumer was unlawfully detained or held hostage abroad.
  • Protection applies only to US nationals whose status as a hostage or wrongfully detained person is confirmed by relevant government authorities.
  • Allows returning hostages to rebuild their financial lives without the burden of poor credit scores resulting from their detention.
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. Coons, Christopher A. [D-DE].

What is the latest detailed status?

The latest detailed status is: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S7057; text: CR S7057)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Courts and Law