WASHINGTON — The National Retail Federation here and NRF's National Council of Chain Restaurants division welcomed yesterday’s Senate passage of legislation that would protect retailers and restaurants from lawsuits over credit card expiration dates printed on customers' receipts. The Senate approved the legislation, called the Credit and Debit Receipt Clarification Act, by voice vote. The measure was approved by the House on May 13 and now heads to President Bush, who is expected to sign it, NRF said. The bill says a business that printed an expiration date on a receipt over the past 18 months cannot be found in violation of the Fair Credit Reporting Act as long as the merchant truncated the customer's credit card to no more than the last five digits and complied with other FCRA requirements. But merchants would still be required to both truncate card numbers and leave off expiration dates going forward.
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