An Act to Strengthen Consumer Protections by Prohibiting the Report of Medical Debt on Consumer Reports

1. **ONE-SENTENCE SUMMARY:** This bill prohibits the reporting of medical debt on consumer credit reports to enhance consumer protections. 2. **KEY REQUIREMENTS:** - Do not report any medical debt to consumer credit reporting agencies. - Ensure that your billing practices comply with this new regulation regarding medical debt. 3. **DEADLINES:** - Effective Date: The law goes into effect 90 days after the bill is passed. 4. **PENALTIES:** - Businesses that violate this law may face fines and potential legal action from consumers or regulatory authorities. 5. **SMB IMPACT:** Small businesses that provide medical services will need to update their billing practices to avoid reporting medical debt, which may require changes in how they manage collections and patient communications. This could also improve customer relations by reducing the financial burden on patients.