RIAA has refused officially to comment the alleged plan, but according to various news sites, P2P users who have been "caught" by RIAA would be able to get off hook if they destroy all the copied material they own, including copies on harddrives, CDs, etc, agree not to participate in illegal file sharing ever again and to submit a photocopy of their ID to RIAA.
Users who wish to apply for the amnesty would have to sign a notarized contract where they agree to the rules laid out before and send that contract alongside with the photocopy of their ID to RIAA. If they get caught on violating the contract, they would be sued for committing a willful copyright infringement.
More information:
BusinessWeek
vnunet.com
Written by: Petteri Pyyny @ 5 Sep 2003 9:37