FCRA Liability Harmonization Act
119-HR-5775119th CongressIntroduced Oct 17, 2025Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 23.
Sponsor
Rep. Loudermilk, Barry [R-GA-11](R-GA-11)7 cosponsors
Summary
FCRA Liability Harmonization Act
This bill limits the amount of damages and costs consumer credit reporting agencies must pay for violations of the Fair Credit Reporting Act (FCRA), which regulates the use of consumer information for credit reporting purposes. Under FCRA, consumer credit reporting agencies may be found civilly liable to consumers for willful or negligent noncompliance.
The bill eliminates the ability of courts to award unlimited punitive damages to a consumer for a consumer credit reporting agency’s willful noncompliance with FCRA.
Regarding a consumer credit reporting agency’s willful or negligent noncompliance with FCRA, the bill limits the amount that may be awarded to consumers
- for court costs, and
- in class action lawsuits, specifically by prohibiting the court from applying a minimum amount of damages for each class member and by limiting the total recovery amount of the class.
Subjects
Civil actions and liabilityConsumer creditLegal fees and court costs
Actions (6)
Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 23.
Jun 30, 2026House committee actions
Committee Consideration and Mark-up Session Held
Jun 30, 2026House committee actions
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 17, 2025House floor actions
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 17, 2025House floor actions
Introduced in House
Oct 17, 2025Library of Congress
Introduced in House
Oct 17, 2025Library of Congress