Political Quotes

“I am opposed to it in its current form. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Ms. Shea-Porter moves to recommit the bill H.R. 3193 to the Committee on Financial Services with instructions to report the same back to the House forthwith with the following amendment: Add at the end the following: SEC. 6. RULE OF CONSTRUCTION REGARDING DATA BREACHES, FINANCIAL FRAUD, AND PREDATORY LENDING. Nothing in this Act, or the amendments made by this Act, may be construed as prohibiting the agency responsible for the regulation of consumer financial products and services pursuant to the Consumer Financial Protection Act of 2010 from the following: (1) In the case of a company that has had a data breach resulting in the release of financially sensitive personally identifiable information-- (A) consulting with the company about the breach, (B) working with such company to identify seniors, service members, students, and other consumers affected by the breach, and (C) providing those consumers with materials on the steps that should immediately be taken to protect themselves from financial fraud, including instructions for cancelling and replacing compromised credit cards, templates for requesting that fraudulent charges be removed from credit card bills and credit reports, and information on credit monitoring products, so long as such company refunds the agency for the costs the agency incurs in providing such services.…”