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This bill directs the Secretary of the Treasury and the Director of the Bureau of Consumer Financial Protection to establish an Interagency Task Force on Coerced Debt within 90 days of enactment. The task force will include representatives from multiple federal agencies, financial institutions, credit reporting agencies, and domestic violence advocacy organizations. The task force is charged with defining coerced debt, assessing its scope and impact on domestic violence survivors, facilitating interagency coordination and training, engaging stakeholders, and providing legislative and regulatory recommendations to address coerced debt. The task force must submit a report to Congress within one year and will terminate 60 days after submitting its report.
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