; and (2) by adding at the end the following new paragraph: (2) Small business included under certain circumstances (A) In general For purposes of any provision of this title relating to a credit card account under an open end credit plan, the term ‘consumer’ includes any qualified small business. (B) Qualified small business For purposes of subparagraph (A), the term qualified small business means, with respect to any credit card account under an open end credit plan, any business concern having 50 or fewer employees, whether or not— (i) the credit card account is in the name of an individual or a business entity; and (ii) any credit transaction involving such account is for business or personal purposes. (C) Exclusion of small business after opt out effective date The term qualified small business shall not include any business concern described in subparagraph (A) after the effective date of any election under section 135(b) by the individual or business for which the credit card account referred to in such subparagraph has been established, so long as such election remains in effect. . (b) Amendments to exemptions Section 104(1) of the Truth in Lending Act ( 15 U.S.C. 1603(1) ) is amended— (1) by inserting other than a credit transaction under an open end consumer credit plan in which the consumer is a qualified small business after agricultural purposes ; and (2) by inserting other than qualified small businesses after organizations . (c) Business credit card amendments Section 135 of the Truth in Lending Act ( 15 U.S.C. 1645 ) is amended— (1) by striking The exemption provided by and inserting (a) In general .—The exemption provided by