Congress passed the Homebuyers Privacy Protection Act, aiming to limit unsolicited mortgage offers and enhance consumer data privacy.
Quiver AI Summary
U.S. Senator Jack Reed's Homebuyers Privacy Protection Act has passed Congress and is set to be signed into law. This bipartisan legislation aims to curb the practice of "trigger leads," which involves credit reporting agencies selling homebuyers' contact information to third parties without their consent, resulting in a flood of unsolicited solicitations.
Reed emphasized the bill's importance in protecting consumers, stating, "Homebuyers going through an already stressful process should not have their private information sold to spammers." The Act will restrict credit bureaus from selling this data, enhancing consumer control over personal information and reducing unwanted communications from the mortgage industry.
The bill is backed by several congressional cosponsors and supported by numerous financial and consumer advocacy groups. Following its approval in both chambers of Congress, it is anticipated that President Trump will sign it into law.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Jack Reed Net Worth
Quiver Quantitative estimates that Jack Reed is worth $376.2K, as of August 4th, 2025. This is the 378th highest net worth in Congress, per our live estimates.
Reed has approximately $319.7K invested in publicly traded assets which Quiver is able to track live.
You can track Jack Reed's net worth on Quiver Quantitative's politician page for Reed.
Jack Reed Bill Proposals
Here are some bills which have recently been proposed by Jack Reed:
- S.2338: Strengthening Local Food Security Act of 2025
- S.1904: Ending Taxpayer Support for Big Egg Producers Act
- S.1903: A bill to prohibit changes to Medicare and Medicaid in reconciliation.
- S.1576: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
- S.1467: Homebuyers Privacy Protection Act
- S.1342: Weatherization Assistance Program Improvements Act of 2025
You can track bills proposed by Jack Reed on Quiver Quantitative's politician page for Reed.
Jack Reed Fundraising
Jack Reed recently disclosed $652.6K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 105th most from all Q2 reports we have seen this year. 59.9% came from individual donors.
Reed disclosed $206.1K of spending. This was the 258th most from all Q2 reports we have seen from politicians so far this year.
Reed disclosed $2.5M of cash on hand at the end of the filing period. This was the 114th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Jack Reed's fundraising on Quiver Quantitative.
