S.Amdt. 1096

SA 1096. Mr. LEVIN (for himself, Ms. Collins, and Mr. Menendez)
submitted an amendment intended to be proposed to amendment SA 1058
proposed by Mr. Dodd (for himself and Mr. Shelby) to the bill H.R. 627,
to amend the Truth in Lending Act to establish fair and transparent
practices relating to the extension of credit under an open end
consumer credit plan, and for other purposes; which was ordered to lie
on the table; as follows:

On page 34, between lines 9 and 10, insert the following:

SEC. 205. PREVENTION OF DECEPTIVE MARKETING OF CREDIT
REPORTS.

Section 612 of the Fair Credit Reporting Act (15 U.S.C.
1681j) is amended by inserting after subsection (f) the
following:
``(g) Prevention of Deceptive Marketing of Credit
Reports.--
``(1) In general.--Any entity advertising free credit
reports in any medium must prominently disclose in each such
advertisement that--
``(A) the Fair Credit Reporting Act guarantees a consumer
access to a free credit report from each of the three
nationwide reporting agencies once every twelve months; and
``(B) AnnualCreditReport.com is the only authorized source
for a consumer to get a free annual credit report under
Federal law.
``(2) Television advertisements.--In the case of an
advertisement broadcast by television, the disclosures
required under paragraph (1) shall be included in the audio
or the audio and visual part of such advertisement.''.
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