The proposed bill, known as the "Job Applicant Credit Privacy Act," aims to protect individuals from employment discrimination based on their credit history. It prohibits employers from making hiring or recruiting decisions based on an applicant's credit history and restricts them from inquiring about such information during the hiring process. However, there are exceptions for certain positions where a good credit history is deemed a bona fide occupational requirement, such as in financial institutions and casinos.

Additionally, the bill includes provisions against retaliation, ensuring that individuals cannot be discriminated against for participating in investigations or opposing violations of the act. Employers are also prohibited from requiring applicants to waive any rights granted under this act as a condition of employment, with any such waivers deemed void. Individuals who suffer harm due to violations of this act are granted the right to pursue civil action for damages or injunctive relief, with the possibility of recovering attorney fees if they prevail in court.