Sponsors (4)
The bill seeks to improve the accuracy and standardize duties of resellers—reducing incorrect adverse actions and clarifying liability for downstream users—but risks weakening consumer remedies for upstream errors, encouraging reliance on upstream data, and raising compliance costs that may be passed to businesses and consumers.
Consumers (including uninsured individuals) and taxpayers may face fewer incorrect adverse actions (denials, higher rates) because resellers must follow standardized 'reasonable procedures' before sharing consumer-report data.
Consumers (including uninsured individuals) benefit from improved accuracy in the information used about them because resellers are required to take reasonable steps to ensure maximum possible accuracy before transmitting reports.
End users and downstream businesses (e.g., financial institutions) get clearer liability rules when relying on reseller-transmitted data, reducing legal uncertainty for legitimate users.
Consumers (including uninsured individuals) may have weaker remedies when inaccurate data originates with an upstream consumer reporting agency because resellers can be shielded from liability for faithfully transmitting that data.
CRAs and end users (including financial institutions) may rely more on upstream sources rather than verifying data themselves, which can prolong errors if upstream accuracy isn't ensured.
Resellers will face increased compliance costs to implement 'reasonable procedures', and those costs could be passed on to businesses and consumers (including middle‑class families).
Based on analysis of 2 sections of legislative text.
Imposes accuracy-procedure duties on consumer-reporting resellers and limits reseller liability when they accurately transmit data from another consumer reporting agency.
Official title: 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.
Introduced March 27, 2026 by Michael Lawler · Last progress March 27, 2026
Requires consumer-reporting “resellers” to use reasonable procedures to assure the maximum possible accuracy of consumer report information before sending it on, and creates a limited safe harbor: a reseller that accurately transmits information it obtained from another consumer reporting agency generally won’t be liable under the Fair Credit Reporting Act for that transmission. Also adds this new duty and limitation into the FCRA’s provisions governing accuracy and reasonable procedures for consumer reports.