WASHINGTON – With identity theft on the rise, when Congress returns to session after Labor Day the Social Security Number Privacy and Identity Theft Prevention Act of 2003 (H.R. 2971) may reach the House floor for a vote. "The wide availability and easy access to this very personal information has greatly facilitated Social Security number-related crimes," stated Ways and Means Committee Member Representative E. Clay Shaw Jr., (R-Fla.), who introduced the legislation. "Today, we literally have a culture of dependence on Social Security numbers, and these numbers play a key role in identity theft. It's no wonder identity theft was the Federal Trade Commission's number one consumer complaint last year." The legislation would bar government and private firms from selling and publicly displaying Social Security numbers. In addition, it would make it more difficult for businesses to deny services to customers who decline to provide their Social Security numbers and would increase penalties for violations of laws relating to their sale or display. The House Ways and Means Committee unanimously approved the legislation on July 21.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.