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, thereby establishing a legal consequence for non-compliance.

Additionally, the bill introduces definitions for key terms related to the legislation, 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 roles and responsibilities under the new law.