H.R. 8141 · Where this bill is now
Waiting for a House vote
Approved by committee Sep 1, 2026; no House vote yet
What this bill does
In plain words · AI-written from the official summaryRequires credit data resellers to verify accuracy
Credit data resellers are companies that gather your credit information from multiple sources and sell it to others, but don't keep their own credit database. This bill would require them to follow reasonable procedures to make sure the information they're passing along is as accurate as possible. It also says resellers can't be sued under credit reporting laws if they accurately report what they got from their original sources.
How it affects you
If you've had credit problems, this affects you directly. When resellers compile and sell your credit information to lenders or other companies, this bill pushes them to be more careful about accuracy, which could help you avoid getting denied for loans or credit based on wrong information about you.
Read the official summary (Introduced in House, Mar 27, 2026)
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.
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.
2nd SessionH. R. 8141
A BILL
Fair Credit Reporting Reseller Accuracy Act
Sponsor: Rep. Michael Lawler (R-NY-17) · Introduced Mar 27, 2026 · Finance and Financial Sector · 2 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Sep 1, 2026: “Placed on the Union Calendar, Calendar No. 689.”