Connecticut House Bill HB06596

Connecticut 2019 Regular Session

• Introduced: 1/29/19
• Refer: 1/29/19

Caption

An Act Concerning The Credit Scores Of Federal Employees Affected By The Partial Federal Government Shutdown.

Impact

If enacted, HB 06596 would amend Title 36a of the general statutes, representing a protective measure for federal employees in Connecticut. This legislative change would have implications for credit reporting agencies and financial institutions, as it would require them to adjust how they account for the credit histories of affected individuals. By freezing the credit scores, the bill aims to prevent drop-offs in credit ratings that could lead to difficulties in obtaining loans, mortgages, or other forms of credit for those who were financially impacted by the shutdown.

Summary

House Bill 06596 addresses the impact of the partial federal government shutdown on federal employees, particularly focusing on the credit scores of those who were required to work without pay or who were furloughed during this period. The bill proposes the freezing of credit scores for these employees to safeguard them from potential negative effects resulting from their financial situations during the shutdown. This legislative move is significant as it aims to protect the financial standing of federal workers who have faced financial hardships due to policies that mandate unpaid labor during government closures.

Contention

Despite its protective intent, there may be points of contention regarding the bill’s implementation and the potential financial implications for credit reporting entities. Some stakeholders may argue about the fairness and practicality of freezing credit scores and the broader consequences on the credit scoring system. There may also be discussions about the responsibility of the government in preventing such hardships versus the personal accountability of employees in managing their financial affairs. Furthermore, there could be debates surrounding the effectiveness of this measure in truly shielding federal employees from the financial ramifications of being mandated to work without compensation.