summary
Introduced
03/07/2018
03/07/2018
In Committee
04/11/2018
04/11/2018
Crossed Over
04/18/2018
04/18/2018
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Protecting Children from Identity Theft Act (Sec. 2) This bill requires the Social Security Administration (SSA) 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 as determined by the SSA.
AI Summary
This bill, the Protecting Children from Identity Theft Act, requires the Social Security Administration (SSA) to develop a database that financial institutions can use to verify consumer information, with the consumer's consent, in connection with credit transactions. The bill allows the SSA to recover the costs of developing and maintaining the database from the financial institutions that use it. The bill also requires the SSA to conduct audits and monitoring to ensure proper use and deter fraud, and allows the SSA to terminate or suspend services for any financial institution that violates the provisions of the bill.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (15)
Carlos Curbelo (R)*,
John Delaney (D),
Sean Duffy (R),
Jim Himes (D),
Bill Huizenga (R),
Randy Hultgren (R),
Kenny Marchant (R),
Patrick McHenry (R),
Luke Messer (R),
Ed Perlmutter (D),
Edward Royce (R),
Pete Sessions (R),
Kyrsten Sinema (I),
Scott Tipton (R),
David Young (R),
Last Action
Received in the Senate and Read twice and referred to the Committee on Finance. (on 04/18/2018)
Official Document
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