; and (2) by adding at the end the following new subsection: (b) Qualified small business opt out from coverage (1) Notice of coverage The disclosures under section 127(a) before opening a credit card account under an open end credit plan for a qualified small business shall include a clear and conspicuous disclosure— (A) that the qualified small business is treated as a consumer under this title and is subject to the requirements of this title as a consumer; (B) that the business may elect, in accordance with this subsection, to be exempt, under section 104(1), from this title to the same extent as any business other than a qualified small business; and (C) of the procedures for making the election and for subsequently revoking any such election. (2) Election The Board shall prescribe procedures for making an effective election under this subsection and for revoking any such election. (3) Prohibition on discrimination against qualified small business No creditor may— (A) discriminate against any business concern having 50 or fewer employees in connection with any credit card account of, or any application for a credit card account by such business, under an open end credit plan on any basis; or (B) require any qualified small business to make an election under this subsection as a condition for opening a credit card account, or for providing more advantageous terms for any credit card account, under an open end credit plan. .