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H.R. 8141119th CongressIn committeeLatest action Mar 27, 2026Decoded by AI · checked against the record
Official title: Fair Credit Reporting Reseller Accuracy Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
Resellers must check credit report accuracy before sharing it, but can't be sued if they passed along bad data exactly as received.
45-second read · 4 questions answered below
This bill creates a new rule for resellers, companies that buy credit report data from major bureaus and sell it to lenders, landlords, or employers. Resellers must take reasonable steps to check that information is accurate before passing it along. If a reseller shared data exactly as received from the original bureau, they are protected from lawsuits over that data.
This affects reseller companies in the credit reporting industry. It also affects everyday consumers whose credit information travels through a reseller before reaching a lender or other decision-maker.
When credit data moves through a reseller, errors in that data could affect decisions about loans, housing, or employment for consumers. This rule places the responsibility for inaccurate data on the original source bureau rather than the reseller that passed it along unchanged.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Financial Services.