March 16, 2006
“While I have grave concerns about the overall bill, I want to make sure that, at the very least, all consumers know when a data security breach occurs so that they can then make their own choice on whether to do business with a company or not,” Lee said.
Lee’s measure was an amendment to H.R. 3997, the Financial Data Protection Act of 2005. Under Lee’s amendment, the Federal Trade Commission would be responsible for maintaining a publicly available list of data security breaches that have triggered a notice to consumers in the last 12 months.
The listed information would include:
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Lee Amendment to Protect Against Identity Theft Approved
(Washington, DC) – The House Financial Services Committee today approved a measure offered by Congresswoman Barbara Lee (D-Oakland) designed to alert consumers to breaches in data security in order to protect them from the risk of identity theft.“While I have grave concerns about the overall bill, I want to make sure that, at the very least, all consumers know when a data security breach occurs so that they can then make their own choice on whether to do business with a company or not,” Lee said.
Lee’s measure was an amendment to H.R. 3997, the Financial Data Protection Act of 2005. Under Lee’s amendment, the Federal Trade Commission would be responsible for maintaining a publicly available list of data security breaches that have triggered a notice to consumers in the last 12 months.
The listed information would include:
- The identity of the party responsible for the breach
- A general description of the nature and scope of the breach, and
- Any financial fraud mitigation or other services that may be provided to consumers by the party involved, including telephone numbers and other appropriate contact information.