Edolphus Towns: “We need to link bank executive compensation to performance.”

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

I am proud to stand with President Obama, who included this in his jobs proposal because of the opportunity it offers to assist with deficit reduction, something that we all are concerned about.

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.

The private sector can, and must, safeguard personal information.