FCRA Liability Harmonization Act

Hozzl · 2026-07-02T13:05:04Z

Explore the details of House Bill 5775 FCRA Liability Harmonization Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

7/2/2026, 1:05 PM

Summary of Bill HR 5775

The FCRA Liability Harmonization Act, introduced in the 119th Congress as H.R. 5775 on October 17, 2025, aims to harmonize liability provisions within the Fair Credit Reporting Act (FCRA). The bill seeks to align and streamline regulations related to liability under the FCRA to improve clarity and consistency in its application. Specific directives or actions proposed within the bill are not explicitly mentioned in the provided context. Additional details and provisions can be further explored by referring to the official PDF version of the bill accessible via the provided link.

Congressional Summary of HR 5775

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.

Read the Full Bill

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Current Status of Bill HR 5775

Bill HR 5775 is currently in the status of Bill Introduced since October 17, 2025. Bill HR 5775 was introduced during Congress 119 and was introduced to the House on October 17, 2025. Bill HR 5775's most recent activity was Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 23. as of June 30, 2026

Bipartisan Support of Bill HR 5775

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5775

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 5775

To amend the civil liability requirements under the Fair Credit Reporting Act to include requirements relating to class actions, and for other purposes.

Comments

Erin Pickett

1,134

2 months ago

I can't believe this bill is actually happening. It's going to make it harder for consumers like me to hold credit reporting agencies accountable for mistakes on our credit reports. This is just going to make it easier for them to get away with errors that can seriously impact our financial well-being. It's really disappointing to see this kind of legislation being pushed through.