PSI Sci

Before you vote › Federal bills

H.R. 8141: Fair Credit Reporting Reseller Accuracy Act

119th Congress · introduced 2026-03-27 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 689.

federal

What does this mean?

Official title

Fair Credit Reporting Reseller Accuracy Act

Plain summary

Fair Credit Reporting Reseller Accuracy Act This bill requires a consumer credit data reseller (a consumer reporting agency that does not maintain a credit database of its own, but assembles and merges a consumer's credit information from other agencies that it provides to a third party) to follow reasonable procedures to ensure the maximum possible accuracy of the credit information it provides. A reseller may not be held liable under the Fair Credit Reporting Act for the information it provides if the reseller accurately communicates the information obtained from another consumer reporting agency.

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

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

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

What does this mean? (plain words)

Official text

Fair Credit Reporting Reseller Accuracy Act

Source: Congressional Research Service summary (Introduced in House)

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

Officials and money

Sponsor: Rep. Lawler, Michael [R-NY-17] · 3 cosponsors

Money: CBO cost estimate: H.R. 8141, Fair Credit Reporting Reseller Accuracy Act (2026-10-08) No linked contracts or vendors yet.

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-hr8141 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills