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H.R. 5775: FCRA Liability Harmonization Act

119th Congress · introduced 2025-10-17 · Finance and Financial Sector · Latest: Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 23.

federal

What does this mean?

Official title

FCRA Liability Harmonization Act

Plain 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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

FCRA Liability Harmonization Act

Source: Congressional Research Service summary (Introduced in House)

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Officials and money

Sponsor: Rep. Loudermilk, Barry [R-GA-11] · 7 cosponsors

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Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-hr5775 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills