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US S2498

US S2498
Protecting Children From Identity Theft Act


summary

Introduced
03/05/2018
In Committee
03/05/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Protecting Children From Identity Theft Act This bill requires the Social Security Administration to develop a database to facilitate the verification of consumer information upon request by a certified financial institution. Such verification shall be provided only with the consumer's consent and in connection with a credit transaction. Users of the database shall pay system costs.

AI Summary

This bill requires the Social Security Administration to develop a database to facilitate the verification of consumer information, including name, Social Security number, and date of birth, upon request by certified financial institutions. Such verification can only be provided with the consumer's consent and in connection with a credit transaction or other circumstances described in the Fair Credit Reporting Act. The database must be scalable, allow for real-time and batch processing, and be funded by user fees. The bill also establishes compliance and enforcement mechanisms, including audits, monitoring, and enforcement by relevant agencies.

Committee Categories

Budget and Finance

Sponsors (7)

Last Action

Read twice and referred to the Committee on Finance. (on 03/05/2018)

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