Congress·In Progress·H.R. 5775

FCRA Liability Harmonization Act

Credit Reporting: Limits on Class Action Lawsuits

Jun 30·View on Congress.gov·Read full text

Next up: A house committee

The House Financial Services Committee voted to move this bill forward on June 29, 2026. It must now go through further review by the House committees before it can be considered by the full House. The bill is actively moving through the early stages of the legislative process.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

This bill lacks bipartisan support and faces strong opposition from consumer protection groups who argue it protects big corporations over regular people.

Key Points

This bill changes the rules for when a group of people sues a credit reporting company for making mistakes on their records. It sets a new limit on the total amount of money the company has to pay out to the whole group in court.
Under this plan, the most a company would have to pay in a group lawsuit is $500,000 or 1 percent of what the company is worth, whichever is less. This cap applies even if the company broke the law on purpose or was just being careless.
The bill also puts a cap on how much money lawyers can get for these cases. Their fees would be limited to $100,000 or 40 percent of the total award, which could make it harder for people to find a lawyer to help them sue big companies.
This policy aims to protect companies from very expensive lawsuits that could put them out of business. However, it also means that if a big company makes a mistake that hurts thousands of people, each person might only get a very small amount of money back.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

3 milestones4 actions

Jun 30, 2026House

Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 23.

The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.

Jun 30, 2026House

Committee Consideration and Mark-up Session Held

Oct 17, 2025House

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.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Oct 17, 2025

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

No votes, news coverage, or related bills recorded for this bill yet.