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United States · Law · HR

H.R. 2622 (108th)

Fair and Accurate Credit Transactions Act of 2003

enactedUnited States· United States Congress· EN

Introduced

26 June 2003

Last action

4 December 2003 · Became law

Status

Became Public Law No: 108-159.

Sponsors

Rep. Bachus, Spencer [R-AL-6], Rep. Hooley, Darlene [D-OR-5], Rep. Biggert, Judy [R-IL-13], Rep. Moore, Dennis [D-KS-3], Rep. LaTourette, Steven C. [R-OH-14], Rep. Kanjorski, Paul E. [D-PA-11], Rep. Castle, Michael N. [R-DE-At Large], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Shadegg, John B. [R-AZ-3], Rep. Ford, Harold E., Jr. [D-TN-9], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Hinojosa, Ruben [D-TX-15], Rep. Hensarling, Jeb [R-TX-5], Rep. Crowley, Joseph [D-NY-14], Rep. Sessions, Pete [R-TX-17], Rep. Ross, Mike [D-AR-4], Rep. Matheson, Jim [D-UT-2], Rep. Davis, Artur [D-AL-7], Rep. Baker, Richard H. [R-LA-6], Rep. King, Peter T. [R-NY-2], Rep. Lucas, Frank D. [R-OK-3], Rep. Lucas, Ken [D-KY-4], Rep. Ney, Robert W. [R-OH-18], Rep. Kelly, Sue W. [R-NY-19], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Israel, Steve [D-NY-3], Rep. Hart, Melissa A. [R-PA-4], Rep. Miller, Brad [D-NC-13], Sen. Capito, Shelley Moore [R-WV], Rep. McCarthy, Carolyn [D-NY-4], Rep. Barrett, J. Gresham [R-SC-3], Rep. Feeney, Tom [R-FL-24], Rep. Harris, Katherine [R-FL-13], Rep. Kennedy, Mark R. [R-MN-6], David Scott, Rep. Boyd, Allen [D-FL-2], Rep. Weldon, Dave [R-FL-15], Rep. Rogers, Mike J. [R-MI-8], Rep. Frost, Martin [D-TX-24], Rep. Ramstad, Jim [R-MN-3], Rep. Murphy, Tim [R-PA-18], Rep. Smith, Adam [D-WA-9], Rep. Cantor, Eric [R-VA-7], Sen. Blunt, Roy [R-MO], Rep. Aderholt, Robert B. [R-AL-4], Rep. Terry, Lee [R-NE-2], Rep. Davis, Jim [D-FL-11], Rep. Mica, John L. [R-FL-7]

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Fair and Accurate Credit Transactions Act of 2003 - Amends the Fair Credit Reporting Act (FCRA) to extend Federal preemption to State law enacted after January 1, 2004, that declares explicitly that it is intended to supplement the FCRA and grant greater protection to consumers than is provided under Federal law. (Thus repeals the protection from Federal preemption granted to more stringent State consumer protection laws). Sets forth measures to address identity theft prevention, including: (1) credit card issuer responsibility to investigate cardholder change of address; and (2) truncation of credit and debit card account numbers. Places an affirmative duty upon a consumer reporting agency to: (1) make notification of fraud alert; (2) provide a summary of rights to identity theft victims; and (3) block information resulting from identity theft. Directs the Federal banking agencies to establish procedures for depository institutions to identify possible instances of identity theft. Instructs the Federal Trade Commission to prescribe rules for coordination of consumer complaint investigations. Requires a consumer reporting agency to take specified actions to reconcile discrepancies pertaining to a consumer address. Prohibits furnishing information to a consumer reporting agency that is known to include identity theft activity. Repeals limitations attached to mandatory free annual credit report disclosures that are furnished upon consumer request. Requires a consumer reporting agency, when fulfilling a consumer request for all information in the consumer's file, to include a summary of how any individual consumer credit score was derived and how it might be improved. Excludes from FCRA consumer disclosure requirements certain communications pertaining to employee misconduct investigations.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 26 June 2003

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 26 June 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 26 June 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 2 July 2003

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

  5. 10 July 2003

    Committee

    Committee Hearings Held.

    Source: Committee

  6. 16 July 2003

    Vote

    Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 41 - 0.

    Source: Committee

  7. 16 July 2003

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

  8. 24 July 2003

    Vote

    Ordered to be Reported (Amended) by the Yeas and Nays: 63 - 3.

    Source: Committee

  9. 24 July 2003

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  10. 4 September 2003

    Calendars

    Placed on the Union Calendar, Calendar No. 150.

    Source: Calendars

  11. 4 September 2003

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 108-263.

    Source: Committee

  12. 4 September 2003

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 108-263.

    Source: Committee

  13. 9 September 2003

    Reported

    Rules Committee Resolution H. Res. 360 Reported to House. Rule provides for consideration of H.R. 2622 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. All points of order against consideration of the bill are waived. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill. Measure will be considered read. Specified amendments are in order.

    Source: Floor

  14. 9 September 2003

    Committee

    Supplemental report filed by the Committee on Financial Services, H. Rept. 108-263, Part II.

    Source: Committee

  15. 9 September 2003

    Committee

    Supplemental report filed by the Committee on Financial Services, H. Rept. 108-263, Part II.

    Source: Committee

  16. 10 September 2003

    Floor

    The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 2622.

    Source: Floor

  17. 10 September 2003

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  18. 10 September 2003

    Vote

    On passage Passed by the Yeas and Nays: 392 - 30, 1 Present (Roll no. 499).

    Source: Floor

  19. 10 September 2003

    Vote

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 392 - 30, 1 Present (Roll no. 499).

    Source: Floor

  20. 10 September 2003

    Floor

    The previous question was ordered pursuant to the rule.

    Source: Floor

  21. 10 September 2003

    Floor

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 2622.

    Source: Floor

  22. 10 September 2003

    Floor

    The Speaker designated the Honorable Michael K. Simpson to act as Chairman of the Committee.

    Source: Floor

  23. 10 September 2003

    Floor

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 360 and Rule XXIII.

    Source: Floor

  24. 10 September 2003

    Floor

    Rule provides for consideration of H.R. 2622 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. All points of order against consideration of the bill are waived. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill. Measure will be considered read. Specified amendments are in order.

    Source: Floor

  25. 10 September 2003

    Reported

    Considered under the provisions of rule H. Res. 360. (consideration: CR H8118-8176; text of measure as reported in House: CR H8131-8139)

    Source: Floor

  26. 10 September 2003

    Passed

    Rule H. Res. 360 passed House.

    Source: Floor

  27. 11 September 2003

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

  28. 5 November 2003

    Floor

    Measure laid before Senate. (consideration: CR S13980-13994)

    Source: Floor

  29. 5 November 2003

    ResolvingDifferences

    Senate insists on its amendment, asks for a conference, appoints conferees Shelby; Bennett; Allard; Enzi; Sarbanes; Dodd; Johnson.

    Source: ResolvingDifferences

  30. 5 November 2003

    Vote

    Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 95 - 2. Record Vote Number: 437.(text: CR S13982-13994)

    Source: Floor

  31. 5 November 2003

    Discharge

    Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

    Source: Discharge

  32. 5 November 2003

    Committee

    Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

    Source: Committee

  33. 6 November 2003

    ResolvingDifferences

    The Speaker appointed conferees for consideration of the House bill and the Senate amendment, and modifications committed to conference: Oxley, Bereuter, Bachus, Castle, Royce, Ney, Kelly, Gillmor, LaTourette, Biggert, Sessions, Frank (MA), Kanjorski, Sanders, Waters, Watt, Gutierrez, Hooley (OR), and Moore.

    Source: ResolvingDifferences

  34. 6 November 2003

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

  35. 6 November 2003

    Passed

    On motion that the House disagree to the Senate amendment, and agree to a conference Agreed to by voice vote.

    Source: ResolvingDifferences

  36. 6 November 2003

    ResolvingDifferences

    The previous question was ordered without objection.

    Source: ResolvingDifferences

  37. 6 November 2003

    Floor

    DEBATE - The House proceeded with one hour of debate on the motion.

    Source: Floor

  38. 6 November 2003

    ResolvingDifferences

    Mr. Oxley moved that the House disagree to the Senate amendment, and agree to a conference. (consideration: CR H10514-10515)

    Source: ResolvingDifferences

  39. 21 November 2003

    Vote

    Conference report agreed to in House: On motion to suspend the rules and agree to the conference report Agreed to by the Yeas and Nays: (2/3 required): 379 - 49, 1 Present (Roll no. 667).

    Source: ResolvingDifferences

  40. 21 November 2003

    ResolvingDifferences

    The House proceeded to consider the conference report H.Rept. 108-396 as unfinished business. (consideration: CR H12247)

    Source: ResolvingDifferences

  41. 21 November 2003

    Floor

    DEBATE - The House proceeded with forty minutes of debate on the motion to suspend the rules and agree to the conference report on H.R. 2622.

    Source: Floor

  42. 21 November 2003

    ResolvingDifferences

    Mr. Oxley moved to suspend the rules and agree to the conference report, H. Rept. 108-396. (consideration: CR H12214-12224)

    Source: ResolvingDifferences

  43. 21 November 2003

    ResolvingDifferences

    Conference report H. Rept. 108-396 filed. (text of conference report: CR H12198-12214)

    Source: ResolvingDifferences

  44. 21 November 2003

    ResolvingDifferences

    Conference papers: Senate report and manager's statement held at the desk in Senate.

    Source: ResolvingDifferences

  45. 21 November 2003

    ResolvingDifferences

    Conference report filed: Conference report H. Rept. 108-396 filed.(text of conference report: CR H12198-12214)

    Source: ResolvingDifferences

  46. 21 November 2003

    Vote

    On motion to suspend the rules and agree to the conference report Agreed to by the Yeas and Nays: (2/3 required): 379 - 49, 1 Present (Roll no. 667).

    Source: ResolvingDifferences

  47. 21 November 2003

    Passed

    Motions to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

  48. 22 November 2003

    Passed

    Conference report agreed to in Senate: Senate agreed to conference report by Unanimous Consent.(consideration: CR S15570)

    Source: ResolvingDifferences

  49. 22 November 2003

    ResolvingDifferences

    Conference papers: message on House action held at the desk in Senate.

    Source: ResolvingDifferences

  50. 25 November 2003

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  51. 3 December 2003

    Floor

    Presented to President.

    Source: Floor

  52. 3 December 2003

    President

    Presented to President.

    Source: President

  53. 4 December 2003

    Became law

    Signed by President.

    Source: BecameLaw

  54. 4 December 2003

    President

    Signed by President.

    Source: President

  55. 4 December 2003

    Became law

    Became Public Law No: 108-159.

    Source: President

Votes

5 November 2003 · Bill Passed · On Passage of the Bill H.R. 2622 · Bill Passed · Official source

Yes 95 · No 2 · Abstain — · Absent/not voting 3

Showing the first 4 recorded positions. Vote totals above are complete.

Versions

Documents

20 official files

Enrolled Bill (text)

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  • Enrolled Bill (text)

    Enrolled Bill · EN

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  • Enrolled Bill (PDF)

    Enrolled Bill · EN

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  • Public Law (text)

    Public Law · EN · 4 December 2003

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  • Public Law (PDF)

    Public Law · EN · 4 December 2003

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  • Public Law

    summary · EN · 4 December 2003

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  • Engrossed Amendment Senate (text)

    Engrossed Amendment Senate · EN · 5 November 2003

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  • Engrossed Amendment Senate (PDF)

    Engrossed Amendment Senate · EN · 5 November 2003

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  • Passed Senate amended

    summary · EN · 5 November 2003

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  • Referred in Senate (text)

    Referred in Senate · EN · 11 September 2003

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 11 September 2003

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  • Engrossed in House (text)

    Engrossed in House · EN · 10 September 2003

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 10 September 2003

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  • Passed House amended

    summary · EN · 10 September 2003

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  • Reported to House amended, Part II

    summary · EN · 9 September 2003

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  • Reported in House (text)

    Reported in House · EN · 4 September 2003

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  • Reported in House (PDF)

    Reported in House · EN · 4 September 2003

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  • Reported to House with amendment(s)

    summary · EN · 4 September 2003

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  • Introduced in House (text)

    Introduced in House · EN · 26 June 2003

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  • Introduced in House (PDF)

    Introduced in House · EN · 26 June 2003

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  • Introduced in House

    summary · EN · 26 June 2003

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