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H.R. 2359

FCRA Liability Harmonization Act

FCRA Liability Harmonization Act

This bill amends the Fair Credit Reporting Act to limit the recovery amount available in a class action lawsuit to the lesser of $500,000 or 1% of the net worth of the defendant. The bill also eliminates the awarding of punitive damages.

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

Rep. Loudermilk, Barry [R-GA-11](R-GA)Sponsor
13 cosponsors13 R
13cosponsors2committees7actions2subjects
  1. Committee

    Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

    Consumer Protection and Financial Institutions Subcommittee
  2. Committee

    Referred to the Subcommittee on the Constitution and Civil Justice.

    Constitution and Limited Government Subcommittee
  3. IntroReferralH11100

    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.

    Judiciary Committee
  4. IntroReferralH11100-A

    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.

  5. IntroReferralH11100

    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.

    Financial Services Committee
  6. IntroReferralIntro-H

    Introduced in House

  7. IntroReferral1000

    Introduced in House

FCRA Liability Harmonization Act — Informed