Credit Access and Inclusion Act of 2023

S 1654, the Credit Access and Inclusion Act of 2023, allows credit bureaus to include positive payment history for utility and telecommunications services in consumer credit reports. It directly affects consumers who pay utility bills (electric, gas) or telecom services on time, as well as utility and telecom companies that may now report these payments to credit bureaus. The bill permits reporting of payment performance under lease agreements for housing, utility payments, and telecom contracts, but only includes payment-related details - not usage data - and prohibits reporting late payments if a consumer is on a valid payment plan. A GAO study on the bill's impact is required within two years of enactment.