FCRA Liability Harmonization Act

Fact Sheet API

Bill Number

HR 2359

Introduced

May 4, 2017

Latest Action

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

Sponsor

Cosponsors

Topics

Civil actions and liability Consumer credit Finance and Financial Sector

Full Text

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Votes

Summary

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.

Actions

Sep 7, 2017

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Jun 7, 2017

Referred to the Subcommittee on the Constitution and Civil Justice.
May 4, 2017

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.
May 4, 2017

Introduced in House

Amendments

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