HB 70/LM/CI (BR 314) - R. Damron, T. Riner, S. Westrom
AN ACT relating to consumer protection.
Create a new section of KRS 434.550 to 434.730 relating to credit and debit cards to require that electronic cash registers and similar machines print not more than the last five digits of the credit or debit card number and not print the card expiration date on credit and debit card receipts; provide that Act does not apply to hand written receipts or to nonelectronic imprints of credit and debit cards; create new section of KRS 434.550 to 434.730 to define merchant, payment card, reencoder, and scanning device; create a Class D felony for using a scanning device or reencoder to gather information encoded on magnetic strip of payment card or place information on the magnetic strip of a different card with intent to defraud authorized user or issuer of card; make subsequent offenses a Class C felony; provide for suppliers of credit or debit card hardware or software to comply with the bill; effective January 1, 2004 for newly installed machines and January 1, 2006 for current machines.
HB 70 - AMENDMENTS
HCS/LM/CI - Retain the provisions of the original bill but make technical corrections removing definitions from Section 2 and amending KRS 434.560 to include those definitions; remove the penalties from Section 2 and amend KRS 434.730 to include those penalties.
(Prefiled by the sponsor(s))
Jan 7-introduced in House; to Banking and Insurance (H)
Jan 10-posted in committee
Feb 5-reported favorably, 1st reading, to Calendar
Feb 6-2nd reading, to Rules; recommitted to Judiciary (H)
Feb 18-posted in committee
Feb 26-reported favorably, to Rules with Committee Substitute
Feb 28-recommitted to Appropriations and Revenue (H)