Page:United States Statutes at Large Volume 122.djvu/1589

 12 2 STA T . 1 56 6 PUBLIC LA W 11 0– 2 4 1 —J U NE3, 200 8LEGIS L AT I V E H IST ORY— H . R. 40 0 8:C O N GRESSIONAL RECOR D, V ol . 15 4 (2 008 )

May 1 3, c o nsider ed and p assed Ho u se. May 20, considered and passed Sena t e. asign i f i c an tburde n o nt h e hundreds of co mp anies that ha v e been sued and cou l d w ell raise prices to consumers without corresponding consumer protection benefit .( b )PURPOSE . —T he purpose of this A ct is to ensure that con - sumers suffering from an y actual harm to their credit or identity are protected while simultaneously limiting abusive lawsuits that do not protect consumers but only result in increased cost to busi- ness and potentially increased prices to consumers. SEC.3 .C LARIF ICA T I ON OF W ILLF U L NONCO MP LIANCE FOR ACTIONS B EFORE T H E D ATE OF THE ENACTMENT OF THIS ACT. (a) ING ENER AL .— S ection 61 6of the F air C redit R eporting Act (1 5U .S.C. 16 8 1n) is amended by adding at the end the following new subsection

‘(d) CLAR IF I C A T ION OF W ILLFUL N ONCO M PLIANCE.—For the pur- poses of this section , any person who printed an e x piration date on any receipt provided to a consumer cardholder at a point of sale or transaction between D ecember 4, 20 04, and the date of the enactment of this subsection but otherwise complied with the re q uirements of section 605(g) for such receipt shall not be in willful noncompliance with section 605(g) by reason of printing such expiration date on the receipt. ’ ’. (b) SCOPE OF APPLICATION.—The amendment made by sub- section (a) shall apply to any action, other than an action which has become final, that is brought for a violation of 605(g) of the Fair Credit Reporting Act to which such amendment applies without regard to whether such action is brought before or after the date of the enactment of this Act. Approved J une 3, 2008. 15USC 1 68 1 n n ote.

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