skip to main content

H.R. 2622 (108th): Fair and Accurate Credit Transactions Act of 2003

About the bill

Source: Wikipedia

The Fair and Accurate Credit Transactions Act of 2003 (abbreviated FACT Act or FACTA, Pub.L. 108–159) is a United States federal law, passed by the United States Congress on November 22, 2003, and signed by President George W. Bush on December 4, 2003, as an amendment to the Fair Credit Reporting Act. The act allows consumers to request and obtain a free credit report once every twelve months from each of the three nationwide consumer credit reporting companies (Equifax, Experian and TransUnion). In cooperation with the Federal Trade ...

Sponsor and status

Spencer Bachus III

Sponsor. Representative for Alabama's 6th congressional district. Republican.

Read Text »
Last Updated: Nov 22, 2003
Length: 61 pages

Jun 26, 2003
108th Congress, 2003–2004


Enacted — Signed by the President on Dec 4, 2003

This bill was enacted after being signed by the President on December 4, 2003.


Pub.L. 108-159


Jun 26, 2003

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jul 24, 2003
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Sep 10, 2003
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Nov 5, 2003
Passed Senate with Changes (back to House)

The Senate passed the bill with changes not in the House version and sent it back to the House to approve the changes.

Nov 21, 2003
Conference Report Agreed to by House (Senate next)

A conference committee was formed, comprising members of both the House and Senate, to resolve the differences in how each chamber passed the bill. The House approved the committee's report proposing the final form of the bill for consideration in both chambers. The Senate must also approve the conference report.

Nov 22, 2003
Conference Report Agreed to by Senate

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill. The vote was by Unanimous Consent so no record of individual votes was made.

Dec 4, 2003
Enacted — Signed by the President

The President signed the bill and it became law.

H.R. 2622 (108th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

This bill was introduced in the 108th Congress, which met from Jan 7, 2003 to Dec 9, 2004. Legislation not enacted by the end of a Congress is cleared from the books.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 2622 — 108th Congress: Fair and Accurate Credit Transactions Act of 2003.” 2003. March 20, 2018 <>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from, the official portal of the United States Congress. is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.