HR 2359
115th Congress
House
Finance and Financial Sector
Civil actions and liability
Consumer credit
FCRA Liability Harmonization Act
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
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
Plain-English 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.
What's happening now
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.