I hope you have had a great week! As your Representative in Congress, it’s a priority to keep you informed of how we’re serving you. If you would like to stay up to date, check out our website, and follow our Facebook, Twitter, and Instagram pages.
Looking forward to seeing you in Georgia’s 11th Congressional District or in Washington, D.C. soon.
God Bless,
Rep. Barry Loudermilk
U.S. Congressman, Georgia’s Eleventh District
Rep. Loudermilk Advances Bills in Financial Services Committee
Washington, D.C. (June 30, 2026) | Rep. Barry Loudermilk (R-GA) issued the following statement following passage of H.R. 5775 – the FCRA Liability Harmonization Act and H.R. 1483, the Protecting Investors’ Personally Identifiable Information Act out of Committee.
“Today, two pieces of legislation I have worked hard on to improve conservative governance within the financial services sector, have taken another critical step closer to receiving a vote in the House. The two bills passed out of the House Financial Services Committee will help curb abusive litigation practices and reduce accidental or intentional security breaches by restricting the SEC’s ability to collect unnecessary personally identifiable information (PII). These reforms to the Fair Credit Reporting Act and to the SEC’s Consolidated Audit Trail are long overdue and will provide Americans with greater privacy and consumer protections. I am grateful to Chairman Hill for bringing these measures before the Committee and look forward to a vote on the House floor.”
Background
H.R. 5775 – the Fair Credit Reporting Act Liability Harmonization Act
– Caps statutory damages in class action lawsuits, eliminates punitive damages, and limits attorney fees.
– Aligns the Fair Credit Reporting Act (FCRA) with other consumer financial protection statutes. H.R. 1483 – Protecting Investors’ PII Act
– Prohibits the Securities and Exchange Commission from requiring that personally identifiable information (PII) be collected under Consolidated Audit Trail reporting requirements.
– Eliminates the potential for both accidental and intentional breaches by restricting the SEC’s automatic collection of investors’ PII.
Meeting with Constituents
Rep. Loudermilk Attends Rededication of the National Air & Space Museum
Votes This Week: Republicans Pass Key Bills on Child Safety, Insurance Stability, and Congressional Accountability
H.R. 7757 – KIDS Act
H.R. 7128 – TRIA Program Reauthorization Act of 2026
H. Res. 1399 – Directing the Committee on Ethics to preserve and publicly release records relating to monetary settlements involving acts of sexual harassment
HAPPENING NOW: The Great American State Fair (June 25 – July 10)
Recently, the U.S. Department of Justice announced JobCorps will begin a phased pause in operations – but, there are still great free and low-cost programs to help young adults build their futures.
