H.R. 2622 (108 th ): Fair and Accurate Credit Transactions Act of 2003

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About the bill

Source: Wikipedia

The Fair and Accurate Credit Transactions Act of 2003 (abbreviated FACT Act or FACTA, Pub.L. 108–159) is a United States federal law, passed by the United States Congress on November 22, 2003, and signed by President George W. Bush on December 4, 2003, as an amendment to the Fair Credit Reporting Act. The act allows consumers to request and obtain a free credit report once every twelve months from each of the three nationwide consumer credit reporting companies (Equifax, Experian and TransUnion). In cooperation with the Federal Trade Commission, the three major credit reporting agencies set up the website, AnnualCreditReport.com, to provide free access to annual credit reports.

The act also contains provisions to help reduce identity theft, such as the ability for individuals to place alerts on their …

Sponsor and status

Photo of sponsor Spencer Bachus

Spencer Bachus

Sponsor. Representative for Alabama's 6th congressional district. Republican.

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Last Updated: Nov 22, 2003
Length: 61 pages Introduced Jun 26, 2003
108 th Congress (2003–2004)

Enacted — Signed by the President on Dec 4, 2003

This bill was enacted after being signed by the President on December 4, 2003.

Pub.L. 108-159 Cosponsors

58 Cosponsors (36 Republicans, 22 Democrats)

History

Jun 26, 2003 Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jul 24, 2003 Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Sep 10, 2003 Rules Change — Agreed To

This activity took place on a related bill, H.Res. 360 (108th).

Sep 10, 2003 Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Nov 5, 2003 Passed Senate with Changes (back to House)

The Senate passed the bill with changes not in the House version and sent it back to the House to approve the changes.

Nov 21, 2003 Conference Report Agreed to by House (Senate next)

A conference committee was formed, comprising members of both the House and Senate, to resolve the differences in how each chamber passed the bill. The House approved the committee's report proposing the final form of the bill for consideration in both chambers. The Senate must also approve the conference report.

Nov 22, 2003 Conference Report Agreed to by Senate

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill. The vote was by Unanimous Consent so no record of individual votes was made.

Dec 4, 2003 Enacted — Signed by the President

The President signed the bill and it became law.

H.R. 2622 (108th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 2622. This is the one from the 108 th Congress.

This bill was introduced in the 108 th Congress, which met from Jan 7, 2003 to Dec 9, 2004. Legislation not passed by the end of a Congress is cleared from the books.

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GovTrack.us. (2024). H.R. 2622 — 108th Congress: Fair and Accurate Credit Transactions Act of 2003. Retrieved from https://www.govtrack.us/congress/bills/108/hr2622

“H.R. 2622 — 108th Congress: Fair and Accurate Credit Transactions Act of 2003.” www.GovTrack.us. 2003. September 16, 2024

Fair and Accurate Credit Transactions Act of 2003, Pub. L. No. 108-159, H.R. 2622, 108th Cong..

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