YVN Summary
\n\nIf 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.\n\nGroup 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.
","status":"COMMITTEE_CONSIDERATION","topics":["ECONOMY"],"introducedAt":"2025-10-17T00:00:00+00:00","latestActionAt":"2026-06-30T00:00:00+00:00","congressGovUrl":"https://www.congress.gov/bill/119th-congress/house-bill/5775","accountabilityFlags":{"your_money":["↓ Payouts for credit-report errors — punitive damages no longer allowed","↓ Total payout in a group lawsuit — capped at $500,000"],"civil_liberties":["↓ Legal costs a winning consumer recovers — capped at 40% of damages","↓ Guaranteed minimum award per person in group lawsuits"],"corporate_benefits":["↑ Protection from consumer credit-report lawsuits — payouts capped"]},"tldr":"Caps what you could win in court when a company breaks credit-report rules — punitive damages would end.","summaryStandard":"v2","flagExplainers":{"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."]},"flagValence":{"your_money":["contested","bad"],"civil_liberties":["bad","contested"],"corporate_benefits":["contested"]},"needsResummary":false,"displaySummaryHtml":null,"rawStatusText":"Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 23.","chamber":"HOUSE","policyArea":"Finance and Financial Sector","legislativeSubjects":["Civil actions and liability","Consumer credit","Legal fees and court costs"],"lawStatus":null,"lawNumber":null,"latestActionText":"Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 23.","latestTextVersion":"Introduced in House","textVersionUsed":null,"dateAdded":"2026-09-04T00:00:00+00:00","summarizedAt":"2026-09-04T17:25:05+00:00","recordId":"db6447cd-2235-46d8-89dd-ebca5e5ebd57","feedIdentityKey":"119/hr/5775","websiteBillId":"HR-5775","yourvoiceSummary":"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.\n\nGroup 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.","updatedAt":"2026-10-25T08:04:35.02747+00:00"}