President Bush Signs Law to Correct FCRA

Written By: Reid
Jan 17, 2004
On December 4, 2003 President Bush signed into law the new Fair Credit Reporting Act, which included an amendment by Rep. Pete Sessions (R-TX) that ended the requirement to notify subjects of an internal company investigation and getting their permission to proceed. The new law also eliminates the requirement to supply the offender with a complete, unredacted copy of the investigative report. The new law does require the employer to provide the affected employee with a summary of the investigation and the reason for his or her termination (or other disciplinary action.) The effective date of the new law will be determined by the Federal trade Commission when they promulgate regulations, but it is expected that those regulations will be published no later than February 3, 2004.
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