,,ii #aae? ,,congress #b;d ,session ,s4 #bdih ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #e1 #bjah,mr4 ,scott 7= himself1 ,mrs4 ,mc,caskill1 ,mr4 ,cassidy1 & ,mr4 ,pet]s7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to r$uce id5tity fraud4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,protect+ ,*ildr5 ,f ,id5tity ,!ft ,act4 #b4 ,r$uc+ id5tity fraud 7a7 ,purpose ,! purpose ( ?is section is to r$uce ! preval5ce ( syn!tic id5tity fraud1 :i* disproportionally affects vuln]able populations1 su* z m9ors & rec5t immigrants1 by facilitat+ ! validation by p]mitt$ entities ( fraud protection data1 pursuant to electronically receiv$ consum] cons5t1 ?r\gh use ( a database ma9ta9$ by ! ,commission]4 7b7 ,def9itions ,9 ?is section3 7#a7 ,commission] ,! t]m ,commission] means ! ,commission] ( ! ,social ,security ,adm9i/ration4 7#b7 ,f9ancial in/itution ,! t]m f9ancial in/itution has ! mean+ giv5 ! t]m 9 section #eji ( ! ,gramm-,lea*-,bliley ,act 7#ae ,u4,s4,c4 #fhji74 7#c7 ,fraud protection data ,! t]m fraud protection data means a comb9ation ( ! foll[+ in=mation ) respect to an individual3 7,a7 ,! "n ( ! individual 7includ+ ! fir/ "n & any family =5ame or surname ( ! individual74 7,b7 ,! ,social ,security numb] ( ! individual4 7,c7 ,! date ( bir? 7includ+ ! mon?1 day1 & ye>7 ( ! individual4 7#d7 ,p]mitt$ entity ,! t]m p]mitt$ entity means a f9ancial in/itution or a s]vice provid]1 subsidi>y1 affiliate1 ag5t1 subcontractor1 or assignee ( a f9ancial in/itution4 7c7 ,effici5cy 7#a7 ,reliance on exi/+ me?ods ,! ,commission] %all evaluate ! feasibility ( mak+ modifications to any database t is 9 exi/5ce z ( ! date ( enactm5t ( ?is ,act or a simil> res\rce su* t ! database or res\rce-- 7,a7 is reasonably design$ to effectuate ! purpose ( ?is section2 & 7,b7 meets ! requirem5ts ( subsection 7d74 7#b7 ,execution ,! ,commission] %all make ! modifications necess>y to any database t is 9 exi/5ce z ( ! date ( enactm5t ( ?is ,act or simil> res\rce1 or develop a database or simil> res\rce1 to effectuate ! requirem5ts describ$ 9 p>agraph 7#a74 7d7 ,protection ( vuln]able consum]s ,! database or simil> res\rce describ$ 9 subsection 7c7 %all-- 7#a7 comp>e fraud protection data provid$ 9 an inquiry by a p]mitt$ entity aga9/ su* in=mation ma9ta9$ by ! ,commission] 9 ord] to confirm 7or n confirm7 ! validity ( ! in=mation provid$2 7#b7 be scalable & accommodate reasonably anticipat$ volumes ( v]ification reque/s f p]mitt$ entities ) comm]cially reasonable uptime & availability2 7#c7 all[ p]mitt$ entities to submit-- 7,a7 "o or m individual reque/s electronically = real-"t ma*9e-to-ma*9e 7or simil> functionality7 accurate responses2 & 7,b7 multiple reque/s electronically1 su* z ^? provid$ 9 a bat* =mat1 = accurate electronic responses )9 a reasonable p]iod ( "t f submission1 n to exce$ #bd h\rs2 7#d7 be fund$1 includ+ any appropriate upgrades1 ma9t5ance1 & associat$ direct & indirect adm9i/rative co/s1 by us]s ( ! database or simil> res\rce1 9 a mann] consi/5t ) t describ$ 9 section #aajf7;b7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #acjf7;b772 & 7#e7 n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 be fully op]ational4 7e7 ,c]tification requir$ ,be=e provid+ confirmation ( fraud protection data to a p]mitt$ entity1 ! ,commission] %all ensure t ! ,commission] has a c]tification f ! p]mitt$ entity t is dat$ n m ?an #b ye>s be=e ! date on :i* t confirmation is provid$ t includes ! foll[+ decl>ations3 7#a7 ,! entity is a p]mitt$ entity4 7#b7 ,! entity is 9 compliance ) ?is section4 7#c7 ,! entity is1 & w rema91 9 compliance ) its privacy & data security requirem5ts1 z describ$ 9 title ,v ( ! ,gramm-,lea*-,bliley ,act 7#ae ,u4,s4,c4 #fhja et seq471 ) respect to in=mation ! entity receives f ! ,commission] pursuant to ?is section4 7#d7 ,! entity w reta9 suffici5t records to demon/rate its compliance ) its c]tification & ?is section = a p]iod ( n less ?an #b ye>s4 7f7 ,consum] cons5t 7#a7 ,9 g5]al ,not)/&+ any o!r provision ( law or regulation1 a p]mitt$ entity may submit a reque/ to ! database or simil> res\rce describ$ 9 subsection 7c7 only-- 7,a7 pursuant to ! writt51 includ+ electronic1 cons5t receiv$ by a p]mitt$ entity f ! individual :o is ! subject ( ! reque/2 & 7,b7 9 connection ) a cr$it transaction or any circum/ance describ$ 9 section #fjd ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha;b74 7#b7 ,electronic cons5t requirem5ts ,= a p]mitt$ entity to use ! cons5t ( an individual receiv$ electronically pursuant to p>agraph 7#a77;,a71 ! p]mitt$ entity mu/ obta9 ! individual's electronic signature1 z def9$ 9 section #ajf ( ! ,electronic ,signatures 9 ,global & ,national ,comm]ce ,act 7#ae ,u4,s4,c4 #gjjf74 7#c7 ,effectuat+ electronic cons5t ,no provision ( law or requirem5t1 includ+ section #eeb;a ( title #e1 ,unit$ ,/ates ,code1 %all prev5t ! use ( electronic cons5t = purposes ( ?is subsection or = use 9 any o!r cons5t bas$ v]ification "u ! discretion ( ! ,commission]4 7g7 ,compliance & en=cem5t 7#a7 ,audits & monitor+ 7,a7 ,9 g5]al ,! ,commission] may-- 7i7 conduct audits & monitor+ to-- 7,i7 ensure prop] use by p]mitt$ entities ( ! database or simil> res\rce describ$ 9 subsection 7c72 & 7,,ii7 det] fraud & misuse by p]mitt$ entities ) respect to ! database or simil> res\rce describ$ 9 subsection 7c72 & 7ii7 t]m9ate s]vices = any p]mitt$ entity t prev5ts or refuses to all[ ! ,commission] to c>ry out ! activities describ$ 9 clause 7i74 7#b7 ,en=cem5t 7,a7 ,9 g5]al ,not)/&+ any o!r provision ( law1 includ+ ! matt] prec$+ p>agraph 7#a7 ( section #eje7;a7 ( ! ,gramm-,lea*-,bliley ,act 7#ae ,u4,s4,c4 #fhje7;a771 any violation ( ?is section & any c]tification made "u ?is section %all be en=c$ 9 accordance ) p>agraphs 7#a7 ?r\gh 7#g7 ( su* section #eje7;a7 by ! ag5cies describ$ 9 ^? p>agraphs4 7,b7 ,relevant in=mation ,^u discov]y by ! ,commission]1 pursuant to an audit describ$ 9 p>agraph 7#a77;,a71 ( any violation ( ?is section or any c]tification made "u ?is section1 ! ,commission] %all =w>d any relevant in=mation p]ta9+ to t violation to ! appropriate ag5cy describ$ 9 subp>agraph 7,a7 = evaluation by ! ag5cy = purposes ( en=c+ ?is section4