Credit data resellers would have to check accuracy before passing reports on
Placed on the calendarH.R. 8141Latest action
Sponsor: Michael Lawler · Representative · NY
AIDecoded by AI · checked against the recordRead the official text
Official title: Fair Credit Reporting Reseller Accuracy Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Resellers of credit and background data would need reasonable procedures to ensure accuracy, but would not be liable for errors they pass along unchanged.
45-second read · 4 questions answered below
What does this do?
The bill amends the Fair Credit Reporting Act to require resellers, companies that buy data from credit reporting agencies and pass it to other businesses, to follow reasonable procedures to make the information as accurate as possible. A reseller that relays information exactly as it received it could not be held liable under this law for errors that began at the source.
Who does it affect?
It mainly affects companies that package and sell credit or background data, and the lenders, landlords, and employers that buy it. It also touches consumers whose reports are used in decisions on loans, apartments, and jobs.
Why does it matter?
The duty to check accuracy would apply to a reseller's own handling of the data, not to mistakes that originated elsewhere. The stated goal is fewer errors in reports used to decide whether someone gets a loan, an apartment, or a job.
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Reported in House” text of Sep 1, 2026.
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Where does it stand?
- IntroducedMar 27, 2026
- House committee
- House voteYou are here · Sep 1, 2026
- Senate
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Placed on the Union Calendar, Calendar No. 689.