```

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5502 Enrolled Bill (ENR)]

        H.R.5502

                      One Hundred Eleventh Congress

                                 of the

                        United States of America

                          AT THE SECOND SESSION

          Begun and held at the City of Washington on Tuesday,
             the fifth day of January, two thousand and ten

                                 An Act

 
 To amend the effective date of the gift card provisions of the Credit 
     Card Accountability Responsibility and Disclosure Act of 2009.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. DELAY OF EFFECTIVE DATE.
    Title IV of the Credit Card Accountability Responsibility and 
Disclosure Act, is amended by striking section 403 and inserting the 
following:
    ``SEC. 403. EFFECTIVE DATE.
    ``(a) In General.--Except as provided under subsection (b) of this 
section, this title and the amendments made by this title shall become 
effective 15 months after the date of enactment of this Act.
    ``(b) Exception.--
        ``(1) In general.--In the case of a gift certificate, store 
    gift card, or general-use prepaid card that was produced prior to 
    April 1, 2010, the effective date of the disclosure requirements 
    described in sections 915(b)(3) and (c)(2)(B) of the Electronic 
    Funds Transfer Act shall be January 31, 2011, provided that an 
    issuer of such a certificate or card shall--
            ``(A) comply with paragraphs (1) and (2) of section 915(b) 
        of such Act;
            ``(B) consider any such certificate or card for which funds 
        expire to have no expiration date with respect to the 
        underlying funds;
            ``(C) at a consumer's request, replace such certificate or 
        card that has funds remaining at no cost to the consumer; and
            ``(D) comply with the disclosure requirements of paragraph 
        (2) of this subsection.
        ``(2) Disclosure requirements.--The disclosure requirements of 
    this subsection are met by providing notice to consumers, via in-
    store signage, messages during customer service calls, Web sites, 
    and general advertising, that--
            ``(A) any such certificate or card for which funds expire 
        shall be deemed to have no expiration date with respect to the 
        underlying funds;
            ``(B) consumers holding such certificate or card shall have 
        a right to a free replacement certificate or card that includes 
        the packaging and materials, typically associated with such a 
        certificate or card; and
            ``(C) any dormancy fee, inactivity fee, or service fee for 
        such certificates or cards that might otherwise be charged 
        shall not be charged if such fees do not comply with section 
        915 of the Electronic Funds Transfer Act.
        ``(3) Period for disclosure requirements.--The notice 
    requirements in paragraph (2) of this subsection shall continue 
    until January 31, 2013.''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.
```