United States Senate Committee on
Commerce, Science & Transportation
Home | Graphics On | Site Map | Text Size: A A A Search : + Advanced Search
 
Press Releases
For Immediate Release
04/25/07
Contact: Joe Brenckle - Republican Press Office 202-224-3991
Brian Eaton w/Stevens 202-224-0445
Email This
Print This
Stevens and Inouye ID Theft Prevention Act Passes Commerce Committee
 
WASHINGTON, D.C. – The Senate Committee on Commerce, Science and Transportation today passed S. 1178 the “Identity Theft Prevention Act.”  Committee Vice Chairman Senator Ted Stevens (R-Alaska) and Commerce Committee Chairman Daniel Inouye (D-Hawaii) introduced the legislation and it is cosponsored by Senator Gordon Smith (R-Ore.) and Senator Mark Pryor (D-Ark.) and Senator Bill Nelson (D-FL).  This bill would strengthen information safeguards and ensure notification to consumers whose sensitive personal information has been acquired without authorization.  The bill would also direct the Federal Trade Commission (FTC) to enforce rules to protect such information. Under the bill, consumers would be able to freeze their credit for a reasonable fee to protect themselves from identity theft.  The bill now moves to the Senate where it awaits consideration.
 
“ID theft is a growing problem that plagues Americans in the far reaches of our nation and everywhere in between,” said Senator Stevens. “Studies of identity theft show that Alaskans are particularly susceptible to this criminal activity. It is time for Congress to act. We must take steps to help people protect themselves. I urge the Senate to take up this bill, which has received broad bipartisan support, and pass it quickly.”
 
Identity theft has risen dramatically nationwide over the past decade and the FTC estimates that each year nearly 9 million Americans – or roughly 4.6 percent of the domestic adult population – are victimized by identity thieves.  The FTC indicates that physical and online identity theft accounted for 40 percent of the more than 616,000 consumer fraud complaints filed last year with the agency.  The costs associated with identity theft are enormous.  In 2006, it is estimated that the losses to businesses and financial institutions due to identity theft totaled $52.6 billion, and the out-of-pocket losses to consumers totaled $5 billion, which does not take into account the average 300 hours spent by each victim to restore their good name.  
« Previous Press Release Press Releases Next Press Release »
 
April 2007 Press Releases  « March | May »   « 2006 | 2008 » 
 
26th -  Commerce Committee Announces Ocean Acidification, Nobel Laureates, CAFE Hearings
 
26th -  America COMPETES Act Passes Senate
 
25th -  Committee Announces Rescheduled ATV Safety Hearing Date
 
25th -  Senate Commerce Committee Approves Seven Bills
 
25th -  Senate Passes “America COMPETES Act”
 
25th -  Committee Passes VoIP/Public Safety Bill with Stevens Provisions
 
25th -  Stevens Commends Republican High Tech Task Force on Ambitious Agenda
 
25th -  current Press Release
 
23rd -  Chairman Inouye Encourages Passage of Innovation and Competitiveness Bill
 
23rd -  Commerce Committee Announces U.S. Trade Relations with China Hearing
 
23rd -  Senator Stevens Urges Senate to Pass Competitiveness Legislation
 
20th -  Stevens and Inouye Introduce Bill To Combat ID Theft
 
20th -  Chairman Inouye Introduces Identity Theft Prevention Bill
 
19th -  Rural Air Service Hearing Announced
 
19th -  April 25 Executive Session Agenda Announced
 
18th -  Stevens Calls for Coast Guard Modernization
 
17th -  Trade Subcommittee Schedules Halliburton, U.S. Business Ties to Iran Hearing
 
17th -  Surface Transportation Subcommittee to Host Truck Driver Fatigue Reduction, Rail Safety Reauthorization Hearings
 
17th -  Statement of Senator Daniel K. Inouye on XM-Sirius and the Public Interest
 
16th -  Commerce Announces Broadband and Competitiveness Hearing
 
12th -  Statement of Senator Daniel K. Inouye
 
11th -  Commerce to Address Free Trade in Hearing
 
10th -  Stevens Calls for Improved E9-1-1 Services for Rural America
 
10th -  Statement of U.S. Senator Daniel K. Inouye Hearing on Voice over Internet Protocol and the Future of 911 Services
 
2nd -  VoIP, XM Sirius Subjects of Upcoming Commerce Hearings
Public Information Office: 508 Dirksen Senate Office Bldg • Washington, DC 20510-6125
Tel: 202-224-5115
Hearing Room: 253 Russell Senate Office Bldg • Washington, DC 20510-6125
Home | Privacy Policy | Graphics On | Site Map | Help/Faqs | Search
Back to TopBack to Top