1. Short title This Act may be cited as the Consumer Credit Control Act of 2023 . 2. Permissible purposes of reports (a) In general The Fair Credit Reporting Act ( 15 U.S.C. 1681 et seq. ) is amended— (1) in section 604 ( 15 U.S.C. 1681b )— (A) by striking subsections (c) through (e) and inserting the following: (c) Conditions for furnishing certain consumer reports (1) In general A consumer reporting agency may furnish a consumer report for the following purposes only if the consumer reporting agency obtains affirmative informed consent of the consumer to furnish the consumer report and the consumer reporting agency verifies the identity of the consumer by reviewing the proper identification required under section 610: (A) An extension of credit pursuant to subsection (a)(3)(A). (B) The underwriting of insurance pursuant to subsection (a)(3)(C). (2) Additional reports; election After the consumer reporting agency obtains affirmative informed consent of the consumer and verifies the identity of the consumer under paragraph (1), the consumer reporting agency may continue to furnish consumer reports solely for the purposes of reviewing or collecting on an account described in subparagraphs (A) and (C) of subsection (a)(3). (3) Furnishing reports in connection with credit or insurance transactions that are not initiated by consumer (A) In general A consumer reporting agency may furnish a consumer report to a person in connection with any credit or insurance transaction under subparagraph (A) or (C) of subsection (a)(3) that is not initiated by the consumer only if— (i) the consumer reporting agency obtains affirmative informed consent of the consumer to furnish the consumer report and the consumer reporting agency verifies the identity of the consumer by reviewing the proper identification required under section 610