I think the rationale was that the 3 credit reporting companies should let you see your own report for free once a year so you could check to see whether all the information they were reporting on you was correct, allowing you to dispute whatever you thought was incorrect. There is no such rationale with respect to the FICO score, which produces a number based on the credit reports from those 3 and Fair Isaacs proprietary algorithm. So not sure any legislative proposal was defeated by lobbyists, rather than that none was ever on the table.