On December 4, 2003, President Bush signed The Fair and Accurate Credit Transactions Act of 2003. The import of the legislation was to permanently reauthorize the significant national uniformity or preemption provisions of the Fair Credit Reporting Act. In addition, it further strengthened the national credit reporting and credit granting systems. This pamphlet will serve as a handy reference tool as well as a valuable resource for information. Two leading experts in consumer credit law, Kenneth M. Lapine and John E. Mellyn, Jr., provide an insightful analysis of the major provisions of this important legislation. In addition, we have reprinted the text of the legislation for your reference.