On the recordJune 20, 2005
every year more than 3 million Americans have their identities stolen. That is one every 10 seconds. These incredible statistics show that identity theft both online and offline is not slowing down. Just this past week we learned of another incident where up to 40 million identities were compromised. The last Congress overwhelmingly approved legislation known as the FACT Act, and President Bush signed it into law. It helps you to protect your identity by providing a free credit report every year, requiring creditors who lent money in your name to a thief to help you clear your name, and creating a single place where a fraud alert can be put on your credit history and honored all across America. Congress has taken steps to strengthen identity theft laws, but the bad guys are still out there, and commonsense precautions are the key to help Americans from becoming victims. Mr. Speaker, people do not give the keys to their house to complete strangers, and that same lesson applies to identity theft. I urge all Americans to guard the keys to their identity as we in Congress continue to find aggressive solutions. ____________________
Source
govinfo.gov




