Page:United States Statutes at Large Volume 117.djvu/2002

 PUBLIC LAW 108–159—DEC. 4, 2003

117 STAT. 1983

(4) TIMING.—Regulations required by this subsection shall— (A) be issued in final form not later than 9 months after the date of enactment of this Act; and (B) become effective not later than 6 months after the date on which they are issued in final form. (c) TECHNICAL AND CONFORMING AMENDMENTS.— (1) DEFINITIONS.—Section 603(d)(2)(A) of the Fair Credit Reporting Act (15 U.S.C. 1681(d)(2)(A)) is amended by inserting ‘‘subject to section 624,’’ after ‘‘(A)’’. (2) RELATION TO STATE LAWS.—Section 625(b)(1) of the Fair Credit Reporting Act (15 U.S.C. 1681t(b)(1)), as so designated by subsection (a) of this section, is amended— (A) by striking ‘‘or’’ after the semicolon at the end of subparagraph (E); and (B) by adding at the end the following new subparagraph: ‘‘(H) section 624, relating to the exchange and use of information to make a solicitation for marketing purposes; or’’. (3) CROSS REFERENCE CORRECTION.—Section 627(d) of the Fair Credit Reporting Act (15 U.S.C. 1681v(d)), as so designated by subsection (a) of this section, is amended by striking ‘‘section 625’’ and inserting ‘‘section 626’’. (4) TABLE OF SECTIONS.—The table of sections for title VI of the Consumer Credit Protection Act (15 U.S.C. 1601 et seq.) is amended by striking the items relating to sections 624 through 626 and inserting the following: ‘‘624. ‘‘625. ‘‘626. ‘‘627.

Effective date.

15 USC 1681a.

Affiliate sharing. Relation to State laws. Disclosures to FBI for counterintelligence purposes. Disclosures to governmental agencies for counterintelligence purposes.’’.

(e) STUDIES OF INFORMATION SHARING PRACTICES.— (1) IN GENERAL.—The Federal banking agencies, the National Credit Union Administration, and the Commission shall jointly conduct regular studies of the consumer information sharing practices by financial institutions and other persons that are creditors or users of consumer reports with their affiliates. (2) MATTERS FOR STUDY.—In conducting the studies required by paragraph (1), the agencies described in paragraph (1) shall— (A) identify— (i) the purposes for which financial institutions and other creditors and users of consumer reports share consumer information; (ii) the types of information shared by such entities with their affiliates; (iii) the number of choices provided to consumers with respect to the control of such sharing, and the degree to and manner in which consumers exercise such choices, if at all; and (iv) whether such entities share or may share personally identifiable transaction or experience information with affiliates for purposes— (I) that are related to employment or hiring, including whether the person that is the subject

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