,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #eddf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #aj1 #bjad  
,mr4 ,royce 7= himself & ,mr4 ,h9ojosa7 
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to am5d ! ,cr$it ,repair       
,organizations ,act to exempt c]ta9     
consum] report+ ag5cies1 & = o!r        
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,facilitat+ ,access to     
,cr$it ,act ( #bjad4  #b4 ,treatm5t (   
c]ta9 consum] report+ ag5cies ,! ,cr$it 
,repair ,organizations ,act 7#ae        
,u4,s4,c4 #afgi et seq47 is am5d$--     
7#a7 9 section #djc7c77;,b7--  7,a7 9   
clause 7ii71 by /rik+ or at ! end2  7,b7
 9 clause 7iii71 by /rik+ ! p]iod &     
ins]t+ 2 or2 &  7,c7 by add+ at ! end ! 
foll[+3  7iv7 any consum] report+       
ag5cy--  7,i7 describ$ "u section       
#fjc7p7 ( ! ,fair ,cr$it ,report+ ,act1 
or any affiliate or subsidi>y ( su* a   
consum] report+ ag5cy2 or  7,,ii7       
describ$ "u section #fjc7;f7 ( ! ,fair  

,cr$it ,report+ ,act1 or any affiliate  
or subsidi>y ( su* a consum] report+    
ag5cy1 if su* consum] report+ ag5cy is  
subject to sup]vision & exam9ation by ! 
,bureau ( ,consum] ,f9ancial ,protection
 pursuant to section #ajbd7;a77#a77;,b7 
( ! ,consum] ,f9ancial ,protection ,act 
( #bjaj4  2 &  7#b7 9 section #dab--    
7,a7 by /rik+ ,?is title & ins]t+ !     
foll[+3  7a7 ,9 g5]al ,?is title  2 &   
7,b7 by add+ at ! end ! foll[+3  7b7    
,exemption = entities t are n cr$it     
repair organizations ,not)/&+ subsection
 7a71 ?is title sup]s$es any law or     
regulation ( any ,/ate ) respect to !   
subject matt] ( ?is ,act to ! ext5t t ! 
,/ate law or regulation w\ld apply to   
any p]son describ$ 9 section            
#djc7c77;,b74  4  #c4 ,,ftc ,/udy  7a7  
,/udy ,! ,f$]al ,trade ,commission %all 
conduct a /udy to det]m9e :e!r1 9       
addition to ^? p]sons li/$ "u section   
#djc7c77;,b7 ( ! ,cr$it ,repair         
,organizations ,act1 any o!r p]son %\ld 
be exempt f ! ,cr$it ,repair            

,organizations ,act4  7b7 ,report ,n    
lat] ?an "o ye> aft] ! date ( enactm5t (
 ?is ,act1 ! ,*airman ( ! ,f$]al ,trade 
,commission %all submit a report to !   
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs ( ! ,s5ate & ! ,committee on   
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives conta9+ a detail$ summ>y
 ( ! f9d+s & conclusions ( ! /udy "u ?is
 section1 toge!r ) su* recomm5dations = 
legislative or adm9i/rative actions z   
may be appropriate4