YourVoice.Now Summary
Your MoneyCivil LibertiesCorporate BenefitsCaps what you could win in court when a company breaks credit-report rules — punitive damages would end.
Your Money
Today a court can order extra money to punish a company that broke credit-report rules on purpose, with no dollar limit. The bill would remove that award entirely.
Everyone in a class action would share no more than $500,000, or 1 percent of the company's net worth if that is smaller. The cap would apply even when class members can prove larger losses.
Civil Liberties
Today a court orders a company that loses to cover a winning consumer's full legal costs and lawyer fees. The bill would cap that at $100,000 or 40 percent of the damages won, whichever is less.
Courts could not set a floor payment for each member of a class action. Today's law sets $100 to $1,000 per person when a company breaks the rules on purpose, even for someone who cannot show a dollar of loss.
Corporate Benefits
The caps would cover any company that has to follow credit-report rules, not just the credit bureaus. Lenders and employers who pull reports would be covered too.
More about this bill
If a credit bureau or lender breaks the rules on your credit report, you could win less in court. Courts could no longer order punitive damages — extra money meant to punish — when a company broke those rules on purpose. There is no dollar limit on those awards today. A court could also make the company cover only part of your legal costs. The cap would be $100,000 or 40 percent of your damages, whichever is less. Group lawsuits would change the most. Everyone in a class action would split no more than $500,000. If 1 percent of the company's net worth is smaller, that smaller number applies. Courts could not set a guaranteed minimum payment for each person in the group. Today's law sets a range of $100 to $1,000 per person in those cases. The new limits would start as soon as the bill became law.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- HOUSE
- Status
- in committee
- Action
- Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 23.
- Action Date
- 2026-06-30
- Date Added
- 2026-09-04
- Source
- Congress.gov →
Record db6447cd-2235-46d8-89dd-ebca5e5ebd57 · JSON
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