Involuntary Bankruptcy Improvement Act of 2003

Involuntary Bankruptcy Improvement Act of 2003 - Amends Federal bankruptcy law to direct the court, upon motion of an individual debtor, to: (1) dismiss an involuntary bankruptcy petition that contains a materially false, fictitious, or fraudulent statement; and (2) expunge from court records all records and references pertaining to such petition.

Authorizes the court, following such dismissal, to enter an order prohibiting all consumer reporting agencies from making any consumer report containing information regarding either the petition itself, or the case commenced by the filing of such petition.