H.R. 2359 · 115th Congress
FCRA Liability Harmonization Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
13 cosponsors · 13 R
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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 it does: CRS summary · Introduced in House · May 4, 2017
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: FCRA Liability Harmonization Act
Latest action (Sep 7, 2017): Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Policy area: Finance and Financial Sector · Origin: House · Introduced: May 4, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.