This bill amends the Fair Credit Reporting Act (FCRA) to establish new requirements for entities that resell information contained in consumer reports. It mandates that before a reseller transmits any such information to an end user or another reseller, they must implement reasonable procedures to assure the maximum possible accuracy of the data concerning the individual. A significant provision of this amendment includes a limitation of liability , clarifying that a reseller will not be held liable under the FCRA if they accurately communicate information obtained from another consumer reporting agency. This measure seeks to improve the integrity and trustworthiness of consumer data circulated by resellers within the credit reporting system.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held
Finance and Financial Sector
Consumer creditData collection, sharing, protectionRetail and wholesale trades
Fair Credit Reporting Reseller Accuracy Act
USA119th CongressHR-8141| House
| Updated: 6/30/2026
This bill amends the Fair Credit Reporting Act (FCRA) to establish new requirements for entities that resell information contained in consumer reports. It mandates that before a reseller transmits any such information to an end user or another reseller, they must implement reasonable procedures to assure the maximum possible accuracy of the data concerning the individual. A significant provision of this amendment includes a limitation of liability , clarifying that a reseller will not be held liable under the FCRA if they accurately communicate information obtained from another consumer reporting agency. This measure seeks to improve the integrity and trustworthiness of consumer data circulated by resellers within the credit reporting system.