HR 3053 · 107th Congress · Finance and Financial Sector
Identity Theft Prevention Act of 2001
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(2001-11-02)
Plain Language Summary
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Identity Theft Prevention Act of 2001 - Amends the Truth in Lending Act to prescribe procedural guidelines under which a credit card issuer shall confirm changes of address. Amends the Fair Credit Reporting Act to prescribe procedural guidelines under which a consumer reporting agency shall: (1) notify the requester of a discrepancy in the address in the consumer file; (2) include a fraud alert in the file of a requesting consumer; and (3) make free annual disclosures upon consumer request. Confers enforcement jurisdiction upon the Federal Trade Commission. Mandates truncation of credit card account numbers, so that an entity that accepts credit cards for the transaction of business is prohibited from printing more than the last 5 digits of the credit card account number or the expiration date upon any receipt provided to the cardholder.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
17 Democrats3 Republicans