The proposed bill aims to prohibit medical creditors and medical debt collectors from reporting any information related to medical debt to consumer reporting agencies. This new regulation is intended to protect consumers from the negative impacts of medical debt on their credit reports. Violating this provision would be classified as a Class 2 misdemeanor, establishing a legal consequence for non-compliance.

Additionally, the bill defines key terms relevant to its enforcement, including "consumer reporting agency," "medical creditor," "medical debt," and "medical debt collector." These definitions clarify the scope of the bill and ensure that all parties involved understand their responsibilities and the implications of the law. Overall, the legislation seeks to alleviate the burden of medical debt on consumers by preventing it from affecting their creditworthiness.