Fair Credit Reporting Reseller Accuracy Act

Michael Lawler

Republican · NY · Representative

Source: Congress.gov · FEC

• Josh Gottheimer (D-NJ-5)Original· 2026-03-27
• Daniel Meuser (R-PA-9)· 2026-04-14
• Ann Wagner (R-MO-2)· 2026-04-29

Ordered to be Reported (Amended) by Voice Vote.

2026-06-30

Source: Congress.gov

Companies that resell credit reports and other financial information would have to verify the accuracy of that data before selling it to others, and would face penalties if they knowingly distribute incorrect information that harms consumers. This affects credit reporting agencies, data brokers, and any business that buys and resells consumer financial records to lenders, employers, or other organizations. The goal is to reduce the spread of errors in credit files that can unfairly damage people's ability to get loans or jobs.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8141 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8141 To amend the Fair Credit Reporting Act to require resellers of information contained in consumer reports to follow reasonable procedures to assure maximum possible accuracy of such information before transmitting such information, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 27, 2026 Mr. Lawler (for himself and Mr. Gottheimer) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Fair Credit Reporting Act to require resellers of information contained in consumer reports to follow reasonable procedures to assure maximum possible accuracy of such information before transmitting such information, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Fair Credit Reporting Reseller Accuracy Act''. SEC. 2. ACCURACY OF INFORMATION TRANSMITTED BY RESELLERS. Section 607 of the Fair Credit Reporting Act (15 U.S.C. 1681e) is amended by adding at the end the following: ``(f) Resellers.-- ``(1) In general.--Before a reseller transmits information contained in a consumer report to an end user or another reseller, such reseller shall follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual about whom the information relates. ``(2) Limitation of liability.--No reseller may be held liable under this title if such reseller accurately communicates information obtained from another consumer reporting agency to an end user or another reseller. ``(3) Reseller defined.--In this subsection the term `reseller' has the meaning given the term in section 603.''. <all>

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