Edolphus Towns: “When it comes to data security, prevention is the best medicine and certainly the cheapest.”

Data theft still remains a very large burden for the American consumer that must be addressed by legislative action from this committee.

First of all, I would like to thank the Members who worked very hard to make this a reality, and I want to take the opportunity to applaud the leadership and its commitment to the Members of Congress who have worked so hard on this…

Unfortunately the discussion draft before us today falls short of the commitment needed to ensure that the personal information of hard working Americans are kept safe.

Let me thank you, Mr. Lynch, for the hard work that you have done on this bill. And let me begin by saying to the other side, I hope we're talking about the same legislation here, because in the committee, the only--as I remember very…