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124 STAT. 2112 PUBLIC LAW 111–203—JULY 21, 2010

SEC. 1100F. USE OF CONSUMER REPORTS.
Section 615 of the Fair Credit Reporting Act (15 U.S.C. 1681m)
is amended—
(1) in subsection (a)—
(A) by redesignating paragraphs (2) and (3) as para-
graphs (3) and (4), respectively;
(B) by inserting after paragraph (1) the following:
‘‘(2) provide to the consumer written or electronic disclo-
sure—
‘‘(A) of a numerical credit score as defined in section
609(f)(2)(A) used by such person in taking any adverse
action based in whole or in part on any information in
a consumer report; and
‘‘(B) of the information set forth in subparagraphs (B)
through (E) of section 609(f)(1);’’; and
(C) in paragraph (4) (as so redesignated), by striking
‘‘paragraph (2)’’ and inserting ‘‘paragraph (3)’’; and
(2) in subsection (h)(5)—
(A) in subparagraph (C), by striking ‘‘; and’’ and
inserting a semicolon;
(B) in subparagraph (D), by striking the period and
inserting ‘‘; and’’; and
(C) by inserting at the end the following:
‘‘(E) include a statement informing the consumer of—
‘‘(i) a numerical credit score as defined in section
609(f)(2)(A), used by such person in making the credit
decision described in paragraph (1) based in whole
or in part on any information in a consumer report;
and
‘‘(ii) the information set forth in subparagraphs
(B) through (E) of section 609(f)(1).’’.

SEC. 1100G. SMALL BUSINESS FAIRNESS AND REGULATORY TRANS-
PARENCY.
(a) PANEL REQUIREMENT.—Section 609(d) of title 5, United
States Code, is amended by striking ‘‘means the’’ and all that
follows and inserting the following: ‘‘means—
‘‘(1) the Environmental Protection Agency;
‘‘(2) the Consumer Financial Protection Bureau of the Fed-
eral Reserve System; and
‘‘(3) the Occupational Safety and Health Administration
of the Department of Labor.’’.
(b) INITIAL REGULATORY FLEXIBILITY ANALYSIS.—Section 603
of title 5, United States Code, is amended by adding at the end
the following:
‘‘(d)(1) For a covered agency, as defined in section 609(d)(2),
each initial regulatory flexibility analysis shall include a description
of—
‘‘(A) any projected increase in the cost of credit for small
entities;
‘‘(B) any significant alternatives to the proposed rule which
accomplish the stated objectives of applicable statutes and
which minimize any increase in the cost of credit for small
entities; and

LAWS ‘‘(C) advice and recommendations of representatives of small entities relating to issues described in subparagraphs (A) and (B) and subsection (b).PUBLIC with on anorris VerDate Nov 24 2008 22:28 Sep 03, 2010 Jkt 089139 PO 00203 Frm 00738 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 PUBL203