WASHINGTON, D.C. – Today, Congresswoman Young Kim’s (CA-40) Credit Access and Inclusion Act passed out of the House Financial Services Committee to help Americans more easily build and improve their credit scores.
Approximately 26 million Americans are considered “credit invisible,” or lack a history of traditional payments such as student loans, car loans, or mortgage payments. The Credit Access and Inclusion Act would allow hardworking Americans to build credit by expanding what counts toward their credit history, including rent, internet, phone, electricity, and utility payments.
“Hardworking Americans are hustling each month to pay their rent, utility, and phone bills on time. They deserve a financial system that recognizes that,” said Rep. Young Kim. “I’m proud to see my Credit Access and Inclusion Act pass the House Financial Services Committee to help millions of Americans build credit, get a leg up, and better pursue their American Dream.”
Read bill text HERE and watch Rep. Kim speak in support of the bill HERE.
