3.0.0 1633 2023-01-15T07:02:58Z 2023-01-15T07:02:58Z Senate S S 2003-09-17 108 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2003-09-17T22:38:37Z 2003-09-18 Sponsor introductory remarks on measure. (text of measure as introduced: CR S11725-11726) IntroReferral B00100 9 Library of Congress 2003-09-17 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2003-09-17 Introduced in Senate IntroReferral 10000 9 Library of Congress C001042 Sen. Corzine, Jon S. [D-NJ] JON CORZINE D NJ S. N Finance and Financial Sector Administrative procedure Bank records Civil Rights and Liberties, Minority Issues Civil actions and liability Commerce Computer security measures Consumer credit Consumer education Consumer protection Crime and Law Enforcement Criminal investigation Criminal justice information Damages Evidence (Law) Federal Trade Commission Fees Fines (Penalties) Fraud Government Operations and Politics Government paperwork Identification devices Independent regulatory commissions Injunctions Law Right of privacy Science, Technology, Communications Social Welfare Social security numbers Finance and Financial Sector 00 2003-09-17 Introduced in Senate 2003-12-15T20:00:26Z Identity Theft Notification and Credit Restoration Act of 2003 - Amends the Gramm-Leach-Bliley Act to require a financial institution to promptly notify the following entities whenever a breach of personal information has occurred at such institution: (1) each customer affected by such breach; (2) certain consumer reporting agencies; and (3) appropriate law enforcement agencies.

Requires any person that maintains personal information for or on behalf of a financial institution to promptly notify the institution of any case in which such customer information has been breached. Prescribes notification procedures.

Authorizes a customer injured by a violation of this Act to institute a civil action to recover damages.

Amends the Fair Credit Reporting Act to require a consumer reporting agency to include a fraud alert in a consumer file: (1) upon notification by financial institution; and (2) upon consumer request.

Requires a consumer reporting agency to ensure that each person procuring credit information with respect to a consumer is made aware of the existence of a fraud alert in the consumer's file, regardless of whether a full credit report, credit score, or summary report is requested.

Mandates no-cost consumer access to credit reports and scores once during each calendar year and once every three months during the one-year period beginning on the date on which a fraud alert is included in the consumer file.

Directs the Federal Trade Commission (FTC) to promulgate implementing regulations.

]]> Identity Theft Notification and Credit Restoration Act of 2003 Display Title Identity Theft Notification and Credit Restoration Act of 2003 Official Title as Introduced A bill to require financial institutions and financial services providers to notify customers of the unauthorized use of personal information, to amend the Fair Credit Reporting Act to require fraud alerts to be included in consumer credit files in such cases, and to provide customers with enhanced access to credit reports in such cases. Introduced in Senate IS Short Titles as Introduced Identity Theft Notification and Credit Restoration Act of 2003 Introduced in Senate 2003-09-17T04:00:00Z 2003-09-18 Sponsor introductory remarks on measure. (text of measure as introduced: CR S11725-11726) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.