H.R. 5775 · Where this bill is now
In committee
Introduced in the House, sent 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, 2025
What this bill does
In plain words · AI-written from the official summaryLimits damages for credit reporting violations
Credit reporting agencies collect and share information about your credit history and finances. When they break federal rules about how they handle that information, they can be sued. This bill would change what happens if they lose a lawsuit by removing unlimited punitive damages, capping the costs consumers can recover in court, and limiting how much money gets paid out in class action lawsuits where many people sue together.
How it affects you
If you've been harmed by a credit reporting agency breaking the rules, this bill would reduce how much money you might recover in a lawsuit or class action. Courts would no longer be able to award unlimited extra damages to punish the company for intentionally breaking the law, and class action lawsuits would have limits on total payouts and per-person awards.
Read the official summary (Introduced in House, Oct 17, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 5775
A BILL
FCRA Liability Harmonization Act
Sponsor: Rep. Barry Loudermilk (R-GA-11) · Introduced Oct 17, 2025 · Finance and Financial Sector · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jun 30, 2026: “Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 23.”