[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3369 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 3369

 To amend the Fair Credit Reporting Act to provide that the statute of 
  limitations begins to run when a violation is first discovered by a 
                               consumer.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 28, 2001

 Mr. Shadegg introduced the following bill; which was referred to the 
 Committee on Financial Services, and in addition to the Committee on 
   the Judiciary, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
 To amend the Fair Credit Reporting Act to provide that the statute of 
  limitations begins to run when a violation is first discovered by a 
                               consumer.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fair Credit Reporting Act Amendment 
of 2001''.

SEC. 2. AMENDMENT TO STATUTE OF LIMITATIONS.

    (a) In General.--Section 918 of the Fair Credit Reporting Act (15 
U.S.C. 1691p) is amended by striking ``date on which the liability 
arises'' and inserting ``earlier of the date on which the consumer 
discovers, or the date by which the consumer reasonably should have 
discovered, the violation giving rise to the liability''.
    (b) Scope of Application.--The amendment made by this section shall 
apply with respect to all actions for which a final judgment has not 
been entered before the date of the enactment of this Act.
                                 <all>