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H.R.2359 - FCRA Liability Harmonization Act115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Loudermilk, Barry [R-GA-11] (Introduced 05/04/2017)
Committees: House - Financial Services; Judiciary
Latest Action: House - 09/07/2017 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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  • Constitutional Authority Statement
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Summary: H.R.2359 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.2359. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/04/2017)

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.