Bill > HR1584

This bill, known as the CARDER Act of 2015, amends federal law to expand the reach of penalties for fraud offenses involving an "access device," which is defined as any card, code, electronic serial number, or other means used to access an account and initiate fund transfers or obtain goods and services. Specifically, it extends the application of these penalties to actions taken outside of the United States, provided the access device is issued, owned, managed, or controlled by a U.S. financial institution, account issuer, credit card system member, or other entity organized under U.S. law. This revision removes a previous requirement that the fraudulent activity or its proceeds must have been held within or transferred through U.S. jurisdiction for penalties to apply, thereby strengthening the government's ability to prosecute cybercrimes that originate abroad but impact U.S. entities.