Bills · HR 5775
REPORTED· 119TH CONGRESS
House BillHR 5775Civil actions and liabilityConsumer credit
FCRA Liability Harmonization Act
INTRO OCT 17· LAST ACTION JUN 30
READING
3MIN
COSPONSORS
7
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 3 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it changes the financial protections available to individuals when companies make mistakes with their sensitive financial information. If this bill becomes law, it could mean that even if a company severely harms many people through credit reporting errors, the total amount of money those people can recover through a lawsuit would be significantly limited. This could reduce the financial incentive for companies to be extremely careful with consumer data, as the potential penalties for violations are lowered.
Conversely, if the bill doesn't pass, the current law allows for potentially higher damage awards, which some see as a stronger deterrent against company misconduct and better protection for consumers who suffer harm from inaccurate credit reporting. Proponents of this bill might argue these caps protect businesses from overly large and potentially crippling judgments, which could help keep services affordable or encourage innovation.
KEY PROVISIONS
5AI-extractedPROVISION 01
Caps punitive damages for individual lawsuits against companies that intentionally violate credit reporting laws at the lesser of $100,000 or 40% of actual damages.
This limits the financial punishment a company can receive for severe individual violations.
PROVISION 02
Removes the explicit right to recover attorney's fees and costs for individuals in successful lawsuits for intentional violations of credit reporting laws.
This could make it more challenging or less attractive for individuals to pursue these lawsuits.
PROVISION 03
Sets a new cap on the total payout to affected consumers in class action lawsuits for intentional violations at the lesser of $500,000 or 1% of the company's net worth, excluding attorney's fees.
This significantly limits the overall compensation available to large groups of people harmed by credit reporting errors.
PROVISION 04
Establishes caps on attorney's fees and court costs for class action lawsuits involving both intentional and careless violations of credit reporting laws, generally limiting them to $100,000 or 40% of damages.
This reduces the potential financial recovery for legal teams, which might make it harder for affected consumers to find lawyers to take on complex class action cases.
PROVISION 05
Limits attorney's fees and costs for individual lawsuits against companies that carelessly violate credit reporting laws to the lesser of $100,000 or 40% of actual damages.
This introduces a new cap on legal costs for individuals seeking compensation for negligent handling of their credit data.
SPONSORSHIP
1 + 7
R· Georgia
YRS IN OFFICE
11
BILLS LED
17
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 7 IND 0
ACTION TIMELINE
6 EVENTSJUN 30
Committee Consideration and Mark-up Session Held
JUN 30
Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 23.
OCT 17
Introduced in House
OCT 17
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.
BILL INFO
TypeHouse Bill
NumberHR 5775
Congress119th
StatusReported
IntroducedOct 17, 2025
Last actionJun 30, 2026
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REPORTED· 119TH CONGRESS · JUDICIARY COMMITTEE · INTRODUCED OCT 17, 2025
House BillHR 5775Civil actions and liabilityConsumer credit
FCRA Liability Harmonization Act
INTRODUCED OCT 17, 2025· LAST ACTION JUN 30, 2026
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
7
COMPLEXITY
Moderate
