Janice Schakowsky actually said...

Harm from payment card breaches are acute, harm from nonfinancial breaches linger, identity theft lasts.

So you would disagree with that conclusion that it doesn't stop fraud on existing accounts and won't prevent new account identity theft?

Payment card breaches are severe incidents that criminals tend to obtain card data, spend money when they can, and then move on.

I hope and expect that we will work together to address these issues.