To amend the civil liability requirements under the Fair Credit Reporting Act to include requirements relating to class actions, and for other purposes.
USA115th CongressHR-2359| House
| Updated: 9/7/2017
Barry Loudermilk
Republican Representative
Georgia
Cosponsors (13)
Robert Pittenger (Republican)Frank D. Lucas (Republican)Peter T. King (Republican)Steve Stivers (Republican)Edward R. Royce (Republican)Keith J. Rothfus (Republican)Ann Wagner (Republican)Roger Williams (Republican)Tom Emmer (Republican)Bill Huizenga (Republican)David A. Trott (Republican)Scott R. Tipton (Republican)Ted Budd (Republican)
Consumer Protection and Financial Institutions Subcommittee, Financial Services Committee, Judiciary Committee, Constitution and Limited Government Subcommittee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
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.
Referred to the Subcommittee on the Constitution and Civil Justice.
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Finance and Financial Sector
Civil actions and liabilityConsumer credit
To amend the civil liability requirements under the Fair Credit Reporting Act to include requirements relating to class actions, and for other purposes.
USA115th CongressHR-2359| House
| Updated: 9/7/2017
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
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.
Referred to the Subcommittee on the Constitution and Civil Justice.
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Barry Loudermilk
Republican Representative
Georgia
Cosponsors (13)
Robert Pittenger (Republican)Frank D. Lucas (Republican)Peter T. King (Republican)Steve Stivers (Republican)Edward R. Royce (Republican)Keith J. Rothfus (Republican)Ann Wagner (Republican)Roger Williams (Republican)Tom Emmer (Republican)Bill Huizenga (Republican)David A. Trott (Republican)Scott R. Tipton (Republican)Ted Budd (Republican)
Consumer Protection and Financial Institutions Subcommittee, Financial Services Committee, Judiciary Committee, Constitution and Limited Government Subcommittee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Civil actions and liabilityConsumer credit