The bill amends Section 11-49-4 of the General Laws in Chapter 11-49, known as the "Credit Card Crime Act," to include provisions regarding the fraudulent use of debit cards alongside credit cards. Specifically, the language is updated to reflect that a person can be penalized for using a credit card or debit card obtained or retained in violation of the law, or for using a forged, expired, or revoked card. The penalties for violations are tiered based on the value of goods or services obtained, with different consequences for amounts exceeding or not exceeding $100 within a six-month period.

Additionally, the bill clarifies the presumption of knowledge regarding the revocation of a card, stating that cardholders are presumed to have received notice of revocation four days after it is mailed, or ten days if mailed outside the United States. The act is set to take effect immediately upon passage, thereby enhancing the legal framework surrounding credit and debit card fraud.