Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)".

# Summary of HJRES 74 **What the Bill Does** This bill would overturn a Consumer Financial Protection Bureau (CFPB) rule that took effect in January 2025. That rule prohibits credit reporting agencies from including medical debt on credit reports and prevents lenders from using medical debt when deciding whether to approve loans or credit. In practical terms, if this bill passes, medical debt would go back to being treated like any other debt on credit reports, and creditors could again factor medical bills into their lending decisions. **Who It Affects and Current Status** The bill would impact consumers with medical debt, healthcare providers, credit reporting agencies, and lenders.

Supporters argue the rule helps people who face unexpected medical expenses, while opponents contend it limits creditors' ability to assess financial risk. Currently, the bill is in committee and has not yet advanced to a full vote in the House. Representative Ralph Norman (R-SC) sponsored the legislation.