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Limiting Consumer Damages in Credit Reporting Class Action Lawsuits.

This bill introduces new, lower caps on the financial damages consumers can recover in class action lawsuits against companies that violate the Fair Credit Reporting Act (FCRA). It limits the total amount a group of affected individuals can receive, potentially making it harder for consumers to obtain full compensation for widespread credit reporting errors or misconduct. These changes apply to both willful and negligent violations.
Key points
Total recovery in a class action lawsuit for FCRA violations is capped at the lesser of $500,000 or 1% of the defendant's net worth.
Courts are prohibited from setting a minimum damage amount for each individual consumer member of the class action.
Limits are also placed on attorney's fees and costs in these cases, generally capped at the lesser of $100,000 or 40% of the damages awarded.
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Introduced
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Additional Information
Print number: 119_HR_5775
Sponsor: Rep. Loudermilk, Barry [R-GA-11]
Process start date: 2025-10-17
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

FCRA Liability Harmonization Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5775.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-10-17.

What are the main provisions?

Key points include:

  • Total recovery in a class action lawsuit for FCRA violations is capped at the lesser of $500,000 or 1% of the defendant's net worth.
  • Courts are prohibited from setting a minimum damage amount for each individual consumer member of the class action.
  • Limits are also placed on attorney's fees and costs in these cases, generally capped at the lesser of $100,000 or 40% of the damages awarded.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Loudermilk, Barry [R-GA-11].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Courts and Law