H.R. 3149: The Equal Employment for All Act would make it illegal for any employer in America to access and utilize your credit report for hiring, termination or promotion decisions. The basic exceptions are as follows:
* When the consumer applies for, or currently holds national security or FDIC clearance.
* When the consumer applies for, or currently holds, employment with a State or
local government agency which otherwise requires use of a consumer report.
* When the consumer applies for, or currently holds, a supervisory professional, or executive position within a financial institution.
* When otherwise is required by law
While the bulleted exceptions above represent less than 1% of the entire U.S. workfore, presently as high as 90% of white collar workers and well over 40% of blue collar workers are having their privacy violated and are subject to discrimination of the basis of being forced to submit to a review of their credit report when applying for a job. It is a fact that 75% of all credit reports contain errors and if discovered can take months if not years to correct.
Video of Bill Introduction in July '09