Carolyn Maloney actually said...

I would say that most Americans have had their identity stolen, including myself, and it is very costly to law enforcement.

This is a number one national security issue; it is not just an economic issue.

In my opinion, this makes it all much more reasonable to make the banks and financial institutions liable for all the fraudulent transaction...

I want to thank you, Madam Chairlady, and Ranking Member Meeks, for holding this incredibly important hearing.