,,ib ,union ,cal5d> ,no4 #cce #aaf? ,,congress #b;d ,session ,h4 ,r4 #eccb ,report ,no4 #aaf-daf ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #f1 #bjai,mr4 ,got!im] 7= himself & ,mr4 ,re$7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,m>* #ab1 #bjbj,report$ ) an am5dm5t2 committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union & ord]$ to be printed,strike out all aft] ! enact+ clause & ins]t ! "p pr9t$ 9 italic,for text ( introduc$ bill1 see copy ( bill z introduc$ on ,decemb] #f1 #bjai ,a ,,bill ,to am5d ! ,fair ,cr$it ,report+ ,act to ensure t consum] report+ ag5cies are provid+ fair & accurate in=mation report+ 9 consum] reports1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,protect+ ,y\r ,cr$it ,score ,act ( #bjai4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4,sec4 #b4 ,e/abli%m5t ( onl9e consum] portal l&+ page = consum] access to c]ta9 cr$it in=mation4,sec4 #c4 ,accuracy 9 consum] reports4,sec4 #d4 ,improv$ dispute process = consum] report+ ag5cies4,sec4 #e4 ,injunctive relief4,sec4 #f4 ,increas$ transp>5cy4,sec4 #g4 ,consum] report+ ag5cy regi/ry4,sec4 #h4 ,au?ority ( ,bureau ) respect to consum] report+ ag5cies4,sec4 #i4 ,bureau /&>ds = protect+ nonpublic in=mation4,sec4 #aj4 ,report on data security risk assessm5ts 9 exam9ations ( consum] report+ ag5cies4,sec4 #aa4 ,,gao /udy on ! use ( social security numb]s4 #b4 ,e/abli%m5t ( onl9e consum] portal l&+ page = consum] access to c]ta9 cr$it in=mation 7a7 ,9 g5]al ,section #fab7;a77#a7 ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha;j7a77#a77 is am5d$ by add+ at ! end ! foll[+3 7,d7 ,onl9e consum] portal l&+ page 7i7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is subp>agraph1 ea* consum] report+ ag5cy describ$ 9 section #fjc7p7 %all jo9tly develop an onl9e consum] portal l&+ page t gives ea* consum] unlimit$ free access to-- 7,i7 ! consum] report ( ! consum]2 7,,ii7 ! means by :i* ! consum] may ex]cise ! rights ( ! consum] "u subp>agraph 7,e7 & section #fjd7;e72 7,,iii7 ! ability to initiate a dispute ) ! consum] report+ ag5cy reg>d+ ! accuracy or complet5ess ( any in=mation 9 a report 9 accordance ) section #faa7;a7 or #fbc7;a77#h72 7,,iv7 ! ability to place & remove a security freeze on a consum] report = free "u section #fje;,a7i7 & 7j72 7,v7 if ! consum] report+ ag5cy (f]s a product to consum]s to prev5t access to ! consum] report ( ! consum] = ! purpose ( prev5t+ id5tity !ft1 a disclosure to ! consum] reg>d+ ! diff]5ces betwe5 t product & a security freeze z def9$ "u section #fje;,a7i7 or 7j72 7,,vi7 in=mation on :o has access$ ! consum] report ( ! consum] ov] ! la/ #bd mon?s1 &1 z available1 = :at p]missible purpose ! consum] report 0 furni%$ 9 accordance ) section #fjd & section #fji2 & 7,,vii7 ! cr$it score ( ! consum] 9 accordance ) section #fji7;f77#g74 7ii7 ,no waiv] ,a consum] report+ ag5cy describ$ 9 section #fjc7p7 may n require a consum] to waive any legal or privacy rights to access-- 7,i7 a portal e/abli%$ "u ?is subp>agraph2 or 7,,ii7 any ( ! s]vices describ$ 9 clause 7i7 t are provid$ ?r\gh a portal e/abli%$ "u ?is subp>agraph4 7iii7 ,no adv]tis+ or solicitations ,a portal e/abli%$ "u ?is subp>agraph may n conta9 any adv]tis+1 m>ket+ (f]s1 or o!r solicitations4 7iv7 ,ext5sion ,! ,bureau may all[ ! consum] report+ ag5cies an ext5sion ( #a ye> to develop ! onl9e consum] portal l&+ page requir$ "u clause 7i74 7v7 ,rule ( con/ruction ,no?+ 9 ?is subp>agraph may be con/ru$ z requir+ a consum] report+ ag5cy to disclose confid5tial propriet>y in=mation ?r\gh ! onl9e consum] portal l&+ page4 7,e7 ,opt-out option 7i7 ,9 g5]al ,if a consum] report+ ag5cy sells consum] in=mation 9 a mann] t is n includ$ 9 a consum] report1 ! consum] report+ ag5cy %all provide ea* consum] ) a me?od 7?r\gh a website1 by phone1 or 9 writ+7 by :i* ! consum] may elect1 free ( *>ge1 to n h ! in=mation ( ! consum] s sold4 7ii7 ,no expiration ,an election made by a consum] "u clause 7i7 %all expire on ! date on :i* ! consum] expressly revokes ! election ?r\gh a website1 by phone1 or 9 writ+4 4 7b7 ,con=m+ am5dm5t ,section #fab7;f77#a7 ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha;j7f77#a77 is am5d$1 9 ! matt] prec$+ subp>agraph 7,a71 by add+ or t is made ?r\gh ! onl9e consum] portal l&+ page e/abli%$ "u subsection 7a77#a77;,d71 aft] subsections 7a7 ?r\gh 7d714 #c4 ,accuracy 9 consum] reports ,section #fjg7;b7 ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha;e7 is am5d$ to read z foll[s3 7b7 ,ensur+ accuracy 7#a7 ,9 g5]al ,9 prep>+ a consum] report1 ea* consum] report+ ag5cy %all foll[ reasonable proc$ures to assure maximum possible accuracy ( ! in=mation conc]n+ ! consum] to :om ! report relates4 7#b7 ,mat*+ in=mation 9 a file ,9 assur+ ! maximum possible accuracy "u p>agraph 7#a71 ea* consum] report+ ag5cy describ$ 9 section #fjc7p7 %all ensure t1 :5 includ+ in=mation 9 ! file ( a consum]1 ! consum] report+ ag5cy-- 7,a7 mat*es all #i digits ( ! social security numb] ( ! consum] ) ! in=mation t ! consum] report+ ag5cy is includ+ 9 ! file2 or 7,b7 if a consum] does n h a social security numb]1 mat*es in=mation t includes ! full legal "n1 date ( bir?1 curr5t address1 & at lea/ "o =m] address ( ! consum]4 7#c7 ,p]iodic audits ,ea* consum] report+ ag5cy %all p]=m p]iodic audits1 on a s*$ule det]m9$ by ! ,bureau1 on a repres5tative sample ( consum] reports ( ! ag5cy to *eck = accuracy4 4 #d4 ,improv$ dispute process = consum] report+ ag5cies 7a7 ,responsibilities ( furni%]s ( in=mation to consum] report+ ag5cies ,section #fbc ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afhas-#b7 is am5d$-- 7#a7 9 subsection 7a77#h7-- 7,a7 9 subp>agraph 7,e77ii71 by ins]t+ & consid] aft] review2 & 7,b7 9 subp>agraph 7,f7-- 7i7 9 clause 7i77,,ii71 by ins]t+ 1 & does n include any new or additional in=mation t w\ld be relevant to a re9ve/igation be=e ! p]iod at ! end2 & 7ii7 by add+ at ! end ! foll[+ new clause3 7iv7 ,new or additional in=mation ,= purposes ( clause 7i77,,ii71 ! t]m new or additional in=mation-- 7,i7 means in=mation ( a type designat$ by ! ,bureau2 & 7,,ii7 does n include in=mation previ\sly provid$ to ! p]son4 2 & 7#b7 9 subsection 7b77#a71 by ins]t+ & consid] aft] review4 7b7 ,bureau cr$it report+ ombudsp]son ,section #faa7;a7 ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha;i7a77 is am5d$ by add+ at ! end ! foll[+3 7#h7 ,bureau cr$it report+ ombudsp]son 7,a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is p>agraph1 ! ,bureau %all e/abli% ! position ( cr$it report+ ombudsp]son1 ^: specific duties %all include c>ry+ out ! ,bureau's responsibilities ) respect to-- 7i7 resolv+ p]si/5t errors t are n resolv$ 9 a timely mann] by a consum] report+ ag5cy2 & 7ii7 enhanc+ ov]sight ( consum] report+ ag5cies by-- 7,i7 advis+ ! ,director ( ! ,bureau1 9 consultation ) ! ,(fice ( ,en=cem5t & ! ,(fice ( ,sup]vision ( ! ,bureau1 on any pot5tial violations ( p>agraph 7#e7 or any o!r applicable law by a consum] report+ ag5cy1 includ+ appropriate corrective action = su* a violation2 & 7,,ii7 mak+ ref]rals to ! ,(fice ( ,sup]vision = sup]visory action or ! ,(fice ( ,en=cem5t = en=cem5t action1 z appropriate1 9 response to violations ( p>agraph 7#e7 or any o!r applicable law by a consum] report+ ag5cy4 7,b7 ,report ,! ombudsp]son %all submit to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate an annual report includ+ /ati/ics & analysis on consum] compla9ts ! ,bureau receives relat+ to consum] reports1 z well z a summ>y ( ! sup]visory actions & en=cem5t actions tak5 ) respect to consum] report+ ag5cies dur+ ! ye> cov]$ by ! report4 4 7c7 ,responsibilities ( consum] report+ ag5cies ,section #faa ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha;i7 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 9 p>agraph 7#a71 by add+ at ! end ! foll[+3 7,d7 ,obligations ( consum] report+ ag5cies relat+ to re9ve/igations ,comm5surate ) ! volume & complexity ( disputes ab\t :i* a consum] report+ ag5cy receives notice1 or reasonably anticipates to receive notice1 "u ?is p>agraph1 ea* consum] report+ ag5cy %all-- 7i7 ma9ta9 suffici5t p]sonnel to conduct re9ve/igations ( ^? disputes2 & 7ii7 provide tra9+ ) respect to ! p]sonnel describ$ 9 clause 7i74 2 7,b7 9 p>agraph 7#f77;,b7-- 7i7 by am5d+ clause 7ii7 to read z foll[s3 7ii7 a copy ( ! consum]'s file & a consum] report t is bas$ ^u su* file z revis$1 includ+ a description ( ! specific modification or deletion ( in=mation1 z a result ( ! re9ve/igation2 2 7ii7 by /rik+ clause 7iii7 & r$esignat+ clauses 7iv7 & 7v7 z clauses 7vi7 & 7vii71 respectively2 7iii7 by ins]t+ aft] clause 7ii7 ! foll[+3 7iii7 a description ( ! actions tak5 by ! consum] report+ ag5cy reg>d+ ! dispute2 7iv7 if applicable1 contact in=mation = any furni%] involv$ 9 respond+ to ! dispute & a description ( ! role play$ by ! furni%] 9 ! re9ve/igation process2 7v7 ! options available to ! consum] if ! consum] is dissatisfi$ ) ! result ( ! re9ve/igation1 includ+-- 7,i7 submitt+ docum5ts 9 support ( ! dispute2 7,,ii7 add+ a consum] /atem5t ( dispute to ! file ( ! consum] pursuant to subsection 7b72 7,,iii7 fil+ a dispute ) ! furni%] pursuant to section #fbc7;a77#h72 & 7,,iv7 submitt+ a compla9t aga9/ ! consum] report+ ag5cy or furni%]s ?r\gh ! consum] compla9t database ( ! ,bureau or ! ,/ate attorney g5]al = ! ,/ate 9 :i* ! consum] resides2 2 7,c7 by /rik+ p>agraph 7#g7 & r$esignat+ p>agraph 7#h7 z p>agraph 7#g72 & 7,d7 9 p>agraph 7#g71 z s r$esignat$1 by /rik+ p>agraphs 7#b71 7#f71 & 7#g7 & ins]t+ p>agraphs 7#b7 & 7#f72 & 7#b7 by add+ at ! end ! foll[+ new subsection3 7h7 ,notification ( deletion ( in=mation ,a consum] report+ ag5cy describ$ 9 section #fjc7p7 %all communicate ) o!r consum] report+ ag5cies describ$ 9 section #fjc7p7 to ensure t a dispute initiat$ ) "o consum] report+ ag5cy is not$ 9 a file ma9ta9$ by su* o!r consum] report+ ag5cies4 4 #e4 ,injunctive relief 7a7 ,9 g5]al ,! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha et seq47 is am5d$-- 7#a7 9 section #faf 7#ae ,u4,s4,c4 #afhan7-- 7,a7 9 subsection 7a71 by am5d+ ! subsection head+ to read z foll[s3 ,damages2 7,b7 by r$esignat+ subsections 7c7 & 7d7 z subsections 7d7 & 7e71 respectively2 & 7,c7 by ins]t+ aft] subsection 7b7 ! foll[+3 7c7 ,injunctive relief 7#a7 ,9 g5]al ,9 addition to any o!r rem$y "u ?is section1 a c\rt may aw>d injunctive relief to require compliance ) ! requirem5ts impos$ "u ?is title ) respect to any consum]4 7#b7 ,attorney's fees ,9 ! ev5t ( any successful action = injunctive relief "u ?is subsection1 a c\rt may aw>d to ! prevail+ p>ty reasonable attorney's fees 7z det]m9$ by ! c\rt7 incurr$ by ! prevail+ p>ty dur+ ! action4 2 & 7#b7 9 section #fag 7#ae ,u4,s4,c4 #afhao7-- 7,a7 9 subsection 7a71 9 ! subsection head+1 by /rik+ 7a7 ,9 ,g5]al4-- & ins]t+ 7a7 ,damages4--2 7,b7 by r$esignat+ subsection 7b7 z subsection 7c72 & 7,c7 by ins]t+ aft] subsection 7a7 ! foll[+3 7b7 ,injunctive relief 7#a7 ,9 g5]al ,9 addition to any o!r rem$y "u ?is section1 a c\rt may aw>d injunctive relief to require compliance ) ! requirem5ts impos$ "u ?is title ) respect to any consum]4 7#b7 ,attorney's fees ,9 ! ev5t ( any successful action = injunctive relief "u ?is subsection1 a c\rt may aw>d to ! prevail+ p>ty reasonable attorney's fees 7z det]m9$ by ! c\rt7 incurr$ by ! prevail+ p>ty dur+ ! action4 4 7b7 ,en=cem5t ,section #fae7;h77#h7 ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afham7h77#h77 is am5d$-- 7#a7 9 subp>agraph 7,a71 by /rik+ section & ins]t+ subsection2 & 7#b7 9 subp>agraph 7,b71 by /rik+ ,?is section & ins]t+ ,?is subsection4 #f4 ,increas$ transp>5cy 7a7 ,disclosures to consum]s ,section #fji ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha;g7 is am5d$-- 7#a7 9 subsection 7a77#c77;,b7-- 7,a7 9 clause 7i71 by /rik+ & at ! end2 & 7,b7 by /rik+ clause 7ii7 & ins]t+ ! foll[+3 7ii7 ! address & telephone numb] ( ! p]son2 & 7iii7 ! p]missible purpose1 z available1 ( ! p]son = obta9+ ! consum] report1 includ+ ! specific type ( cr$it product t is ext5d$1 review$1 or collect$1 z describ$ 9 section #fjd7;a77#c77;,a74 2 7#b7 9 subsection 7f7-- 7,a7 by am5d+ p>agraph 7#g77;,a7 to read z foll[s3 7,a7 supply ! consum] ) a cr$it score ?r\gh ! portal e/abli%$ "u section #fab7;a77#a77;,d7 or ^u reque/ by ! consum]1 z applicable1 t-- 7i7 is d]iv$ f a cr$it scor+ model t is widely di/ribut$ to us]s by t consum] report+ ag5cy = ! purpose ( any ext5sion ( cr$it or o!r transaction designat$ by ! consum] :o is reque/+ ! cr$it score2 or 7ii7 is widely di/ribut$ to l5d]s ( common consum] loan products & pr$icts ! future cr$it behavior ( ! consum]2 & 2 & 7,b7 9 p>agraph 7#h71 by ins]t+ 1 except t a cr$it score %all be provid$ free ( *>ge to ! consum] if reque/$ 9 connection ) a free annual consum] report describ$ 9 section #fab7;a7 or ?r\gh ! onl9e consum] portal l&+ page e/abli%$ "u section #fab7;a77#a77;,d7 be=e ! p]iod at ! end2 & 7#c7 9 subsection 7g77#a7-- 7,a7 9 subp>agraph 7,a77ii7-- 7i7 9 ! clause head+1 by /rik+ subp>agraph 7,d7 & ins]t+ subp>agraph 7,c72 & 7ii7 by /rik+ subp>agraph 7,d7 & ins]t+ subp>agraph 7,c72 7,b7 9 subp>agraph 7,b77ii71 by /rik+ consi/5t ) subp>agraph 7,c72 7,c7 by /rik+ subp>agraph 7,c72 & 7,d7 by r$esignat+ subp>agraphs 7,d7 ?r\gh 7,g7 z subp>agraphs 7,c7 ?r\gh 7,f71 respectively4 7b7 ,notification requirem5ts 7#a7 ,adv]se in=mation notification 7,a7 ,9 g5]al ,! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha et seq47 is am5d$-- 7i7 9 section #fab 7#ae ,u4,s4,c4 #afha;j71 by /rik+ subsection 7b7 & ins]t+ ! foll[+3 7b7 ,free ,disclosure ,aft] ,notice ( ,adv]se ,action or ,(f] ( ,cr$it on ,mat]ially ,less ,favorable ,t]m ,n lat] ?an #cj days aft] ! date on :i* a consum] report+ ag5cy receives a notification "u subsection 7a77#b7 or 7h77#f7 ( section #fae1 or f a debt collection ag5cy affiliat$ ) ! consum] report+ ag5cy1 ! consum] report+ ag5cy %all make to a consum]1 )\t *>ge to ! consum]1 all disclosures t are made to a us] ( a consum] report 9 accordance ) ! rules prescrib$ by ! ,bureau4 2 & 7ii7 9 section #fae7;a7 7#ae ,u4,s4,c4 #afham7a77-- 7,i7 by r$esignat+ p>agraphs 7#b71 7#c71 & 7#d7 z p>agraphs 7#c71 7#d71 & 7#e71 respectively2 7,,ii7 by ins]t+ aft] p>agraph 7#a7 ! foll[+3 7#b7 direct ! consum] report+ ag5cy t provid$ ! consum] report t 0 us$ 9 ! decision to take ! adv]se action to provide ! consum] ) ! disclosures describ$ 9 section #fab7;b72 2 & 7,,iii7 9 p>agraph 7#e71 z s r$esignat$-- 7aa7 9 ! matt] prec$+ subp>agraph 7,a71 by /rik+ ( ! consum]'s "r2 7bb7 by /rik+ subp>agraph 7,a7 & ins]t+ ! foll[+3 7,a7 t ! consum] %all receive a copy ( ! consum] report ) respect to ! consum]1 free ( *>ge1 f ! consum] report+ ag5cy t furni%$ ! consum] report2 & 2 & 7cc7 9 subp>agraph 7,b71 by ins]t+ ( ! "r ( ! consum] be=e to dispute4 7,b7 ,con=m+ am5dm5t ,section #fjd7;b77#b77;,b77i7 ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha;b7b77#b77;,b77i77 is am5d$ by /rik+ section #fae7;a77#c7 & ins]t+ section #fae7;a77#d74 7#b7 ,notification 9 cases ( less favorable t]ms ,section #fae7;h7 ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afham7h77 is am5d$-- 7,a7 9 p>agraph 7#a71 by /rik+ p>agraph 7#f7 & ins]t+ p>agraph 7#g72 7,b7 9 p>agraph 7#b71 by /rik+ p>agraph 7#f7 & ins]t+ p>agraph 7#g72 7,c7 9 p>agraph 7#e77;,c71 by /rik+ may obta9 & ins]t+ %all receive2 7,d7 by r$esignat+ p>agraphs 7#f71 7#g71 & 7#h7 z p>agraphs 7#g71 7#h71 & 7#i71 respectively2 & 7,e7 by ins]t+ aft] p>agraph 7#e7 ! foll[+3 7#f7 ,reports provid$ to consum]s ,a p]son :o uses a consum] report z describ$ 9 p>agraph 7#a7 %all notify & direct ! consum] report+ ag5cy t provid$ ! consum] report to provide ! consum] ) ! disclosures describ$ 9 section #fab7;b74 4 7#c7 ,notification ( subsequ5t submissions ( negative in=mation ,section #fbc7;a77#g77;,a77ii7 ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afhas-#b7;a77#g77;,a77ii77 is am5d$ by /rik+ ) respect to & all t foll[s ?r\gh ! p]iod at ! end & ins]t+ )\t provid+ additional notice to ! consum]1 unless ano!r p]son acquires ! "r to repaym5t connect$ to ! additional negative in=mation4 ,! acquir+ p]son %all be subject to ! requirem5ts ( ?is p>agraph & %all be requir$ to s5d consum]s ! writt5 notices describ$ 9 ?is p>agraph1 if applicable44 #g4 ,consum] report+ ag5cy regi/ry ,section #fba ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afhas7 is am5d$ by add+ at ! end ! foll[+3 7h7 ,consum] report+ ag5cy regi/ry 7#a7 ,e/abli%m5t ( regi/ry ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is subsection1 ! ,bureau %all e/abli% a publicly available regi/ry ( consum] report+ ag5cies t includes-- 7,a7 ea* consum] report+ ag5cy t compiles & ma9ta9s files on consum]s on a nationwide basis2 7,b7 ea* nationwide specialty consum] report+ ag5cy2 7,c7 all o!r consum] report+ ag5cies t are n includ$ "u section #fjc7p7 or #fjc7x72 & 7,d7 l9ks to any relevant websites ( a consum] report+ ag5cy describ$ "u subp>agraphs 7,a7 ?r\gh 7,c74 7#b7 ,regi/ration requirem5t ,! ,bureau %all e/abli% a deadl9e1 :i* %all be n lat] ?an #bgj days aft] ! date ( ! enactm5t ( ?is subsection1 by :i* ea* consum] report+ ag5cy describ$ 9 p>agraph 7#a7 %all be requir$ to regi/] 9 ! regi/ry e/abli%$ "u su* p>agraph4 4 #h4 ,au?ority ( ,bureau ) respect to consum] report+ ag5cies ,section #ajbd7;a77#a7 ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#ab ,u4,s4,c4 #eead7;a77#a77 is am5d$-- 7#a7 9 subp>agraph 7,d71 by /rik+ or at ! end2 7#b7 9 subp>agraph 7,e71 by /rik+ ! p]iod at ! end & ins]t+ 2 or2 & 7#c7 by add+ at ! end ! foll[+ new subp>agraph3 7,f7 is a consum] report+ ag5cy describ$ "u section #fjc7p7 ( ! ,fair ,cr$it ,report+ ,act4 4 #i4 ,bureau /&>ds = protect+ nonpublic in=mation ,title ,v ( ! ,gramm-,lea*-,bliley ,act 7#ae ,u4,s4,c4 #fhja et seq47 is am5d$-- 7#a7 9 section #eja1 by add+ at ! end ! foll[+ new subsection3 7c7 ,consum] report+ ag5cy safegu>ds ,! ,bureau ( ,consum] ,f9ancial ,protection %all e/abli%1 by rule1 appropriate /&>ds = consum] report+ ag5cies describ$ "u section #fjc7p7 ( ! ,fair ,cr$it ,report+ ,act relat+ to adm9i/rative1 te*nical1 & physical safegu>ds to protect records & in=mation z describ$ 9 p>agraphs 7#a7 ?r\gh 7#c7 ( subsection 7b74 2 7#b7 9 section #ejd7;a77#a77;,a71 by /rik+ 1 except t ! ,bureau ( ,consum] ,f9ancial ,protection %all n h au?ority to prescribe regulations ) respect to ! /&>ds "u section #eja2 & 7#c7 9 section #eje7;a77#h71 by ins]t+ 1 o!r ?an "u subsection 7c7 ( section #eja aft] section #eja4 #aj4 ,report on data security risk assessm5ts 9 exam9ations ( consum] report+ ag5cies ,n lat] ?an #ij days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection %all assess :e!r exam9ations conduct$ by ! ,director ( consum] report+ ag5cies describ$ "u section #fjc7;f7 ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha;a7f77 include suffici5t processes to addresses any data security risks to ! consum]s ( su* ag5cies on :i* su* ag5cies ma9ta9 & compile files4 ,along ) ! fir/ semiannual report requir$ "u section #ajaf7;b7 ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #edif7;b77 to be submitt$ aft] ! #ij-;day p]iod aft] ! date ( ! enactm5t ( ?is ,act1 ! ,director %all submit to ,congress a report conta9+ ! results ( su* assessm5t t includes-- 7#a7 recomm5dations = improv+ ! processes to addresses any su* data security risks2 & 7#b7 ! progress ( ! ,director on mak+ any improvem5ts describ$ "u p>agraph 7#a74 #aa4 ,,gao /udy on ! use ( social security numb]s 7a7 ,/udy ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all c>ry out a /udy on ! feasibility & means ( consum] report+ ag5cies replac+ ! use ( social security numb]s z id5tifi]s ) ano!r type ( ,f$]al id5tification4 7b7 ,report ,n lat] ?an ! end ( ! #b-ye> p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al %all issue a report to ! ,congress conta9+ all f9d+s & det]m9ations made 9 c>ry+ out ! /udy requir$ "u subsection 7a74 ,m>* #ab1 #bjbj,report$ ) an am5dm5t2 committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union & ord]$ to be pr9t$