((a)) ** .—**

((1)) Beginning at a time established by the Attorney General that is not sooner than the 3d month before the establishment or designation of the National Motor Vehicle Title Information System under , an individual or entity engaged in the business of operating a junk yard or salvage yard shall file a monthly report with the operator of the System. The report shall contain an inventory of all junk automobiles or salvage automobiles obtained by the junk yard or salvage yard during the prior month. The inventory shall contain—

((A)) the vehicle identification number of each automobile obtained;

((B)) the date on which the automobile was obtained;

((C)) the name of the individual or entity from whom the automobile was obtained; and

((D)) a statement of whether the automobile was crushed or disposed of for sale or other purposes.

((2)) Paragraph (1) of this subsection does not apply to an individual or entity—

((A)) required by State law to report the acquisition of junk automobiles or salvage automobiles to State or local authorities if those authorities make that information available to the operator; or

((B)) issued a verification under stating that the automobile or parts from the automobile are not reported as stolen.

((b)) ** .—** Beginning at a time established by the Attorney General that is not sooner than the 3d month before the establishment or designation of the System, an individual or entity engaged in business as an insurance carrier shall file a monthly report with the operator. The report may be filed directly or through a designated agent. The report shall contain an inventory of all automobiles of the current model year or any of the 4 prior model years that the carrier, during the prior month, has obtained possession of and has decided are junk automobiles or salvage automobiles. The inventory shall contain—

((1)) the vehicle identification number of each automobile obtained;

((2)) the date on which the automobile was obtained;

((3)) the name of the individual or entity from whom the automobile was obtained; and

((4)) the name of the owner of the automobile at the time of the filing of the report.

((c)) ** .—** The Attorney General shall establish by regulation procedures and practices to facilitate reporting in the least burdensome and costly fashion.