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7 It was in this context that Congress passed the Equal Credit Opportunity Act in 1974, prohibiting discrimination based on sex and marital status, and subsequently amended it in 1976 3 For a more detailed discussion of modern credit scoring models, see Mester (1997).
Equal Rights Amendment passed by Congress. On March 22, 1972, the Equal Rights Amendment is passed by the U.S. Senate and sent to the states for ratification. First proposed by the National Womanâs political party in 1923, the Equal Rights Amendment was to provide for the legal equality of the sexes and prohibit discrimination on the basis of sex. More than four decades later, the revival of feminism in the late 1960s spurred its introduction into Congress.