To amend the Fair Credit Reporting Act to restore the impaired credit of victims of predatory activities and unfair consumer reporting practices, to expand access to tools to protect vulnerable consumers from identity theft, fraud, or a related crime, and protect victims from further harm, and for other purposes.

On 2026-07-09, Rep. Tlaib (D-MI) introduced HR9639, which would amend the Fair Credit Reporting Act to restore impaired credit for victims of predatory activities and expand identity theft protections. The bill was referred to the House Committee on Financial Services, the primary committee for credit reporting regulation. As an early-stage bill with no companion in the Senate and limited bipartisan support, the probability of passage in the 119th Congress is low. The bill authorizes no direct funding; its mechanism is regulatory, imposing new requirements on credit reporting agencies. If enacted, it would increase compliance costs for Equifax (EFX) and TransUnion (TRU), but given the legislative stage, no immediate market impact is expected. The bill does not address appropriations or create a spending program, so there is no money trail for investors to track. Structural winners and losers are not identifiable at this stage; the bill's fate depends on committee markup and potential floor consideration, which is unlikely in the current session.