Equal Employment for All Act of 2023

HR 4983, the Equal Employment for All Act of 2023, prohibits most employers from using credit reports in hiring decisions or employment-related adverse actions. The bill amends the Fair Credit Reporting Act to ban employers from considering credit history when making job offers, promotions, or other employment decisions, except for positions requiring national security clearances or when specifically required by law. It applies directly to all employers and job applicants nationwide, eliminating the common practice of credit checks during hiring. The law requires employers to stop using credit reports for employment purposes, with limited exceptions, and maintains existing disclosure requirements for other permissible uses of consumer reports.