Sponsors (4)
The bill requires resellers to use reasonable procedures to improve accuracy and shields them from liability when they faithfully transmit data—improving reported accuracy for many but leaving open the risk of propagated original errors and adding compliance costs that may be borne by businesses or consumers.
Consumers (particularly people without insurance) will likely receive more accurate consumer-report information because resellers must follow reasonable procedures to assure maximum possible accuracy before transmitting data.
Resellers and other intermediaries (e.g., small financial-data firms) will face reduced legal exposure because they are protected from liability when they accurately relay data they received from another consumer reporting agency.
Consumers (including uninsured individuals) may still receive incorrect consumer reports if the original consumer reporting agencies provide inaccurate data, since resellers are shielded from liability when they merely transmit accurate reproductions of those errors.
Resellers will incur costs to implement the required "reasonable procedures," and those compliance costs could be passed along to businesses and consumers as higher fees.
Based on analysis of 2 sections of legislative text.
Requires resellers to use reasonable procedures to ensure accuracy before transmitting consumer-report info and shields resellers from FCRA liability when they accurately relay data from another CRA.
Introduced March 27, 2026 by Michael Lawler · Last progress March 27, 2026
Requires companies that resell consumer reports to adopt reasonable procedures to assure the highest possible accuracy before sending that information to an end user or another reseller, and protects a reseller from FCRA liability when it accurately passes along information it obtained from another consumer reporting agency. Defines “reseller” by reference to the FCRA definition.