Sponsors (4)
The bill raises accuracy and procedural requirements for resellers and clarifies liability for downstream users, improving protections and predictability for consumers and businesses, but may still leave consumers harmed by upstream errors and imposes compliance costs on small resellers.
Consumers (particularly uninsured individuals) will face stronger accuracy safeguards because resellers must follow reasonable procedures to ensure "maximum possible accuracy" before sharing consumer-report information.
End users and businesses (including financial institutions and small businesses) get clearer liability rules when resellers accurately transmit upstream data, reducing uncertainty about where legal responsibility lies for consumer-report information.
Consumers (including uninsured individuals and people with disabilities) can still receive incorrect reports because the bill shields resellers from liability when they accurately pass along inaccurate upstream information.
Smaller resellers and small-data businesses will face added compliance costs to implement the required "reasonable procedures" to assure maximum possible accuracy.
Based on analysis of 2 sections of legislative text.
Requires resellers to follow reasonable procedures to ensure maximum possible accuracy before transmitting consumer-report info and limits liability for accurate relays.
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 follow reasonable procedures to ensure the maximum possible accuracy of the information they transmit to end users or other resellers, and clarifies that resellers are not liable under the Fair Credit Reporting Act when they accurately relay information obtained from another consumer reporting agency. The bill adopts the existing statutory definition of “reseller.” The change creates an affirmative accuracy duty for resellers while also providing a broad limitation on liability for accurate communications, shifting compliance attention to reseller practices and documentation.