Section 1 Short title
This Act may be cited as the “Credit Freeze for Kids Act”.
Credit Freeze for Kids Act
A BILL
To amend the Fair Credit Reporting Act to address the placement of security freezes for protected consumers, and for other purposes.
Sec. 2 Security freezes for protected consumers
In general— Section 605A(j)(2)(A) of the Fair Credit Reporting Act (15 U.S.C. 1681c–1(j)(2)(A)) is amended to read as follows:
“(A) In general—Upon receiving a direct request from a protected consumer’s representative that a consumer reporting agency place a security freeze, which shall include sufficient proof of identification, sufficient proof of authority, and all other necessary documentation, the following shall apply:
“(i) The consumer reporting agency shall, free of charge—
“(I) in the case of a request that is by toll-free telephone, secure electronic means, or mail, place the security freeze not later than 3 business days after receiving the request directly from the protected consumer’s representative; and
“(II) not later than 3 business days after receiving the request directly from the protected consumer’s representative, notify each other consumer reporting agency regarding the request.
“(ii) A consumer reporting agency receiving a notification submitted under clause (i)(II) shall place the requested freeze not later than 3 business days after receiving that notification.”
Effective date— The amendments made by subsection (a) shall take effect on the date that is 18 months after the date of enactment of this Act.