Identity Theft Disclosure Law: Congress About To Fail Us Again

Posted by Clark Venable on 4/20/2006

Bruce Schneier, in Identity-Theft Disclosure Laws explains why pending federal legislation on protecting consumers form identity theft is a step backward from many existing state laws.

"...this federal law pre-empts the 23 existing state laws -- and others being considered -- many of which contain stronger individual protections. So while [the Data Accountability and Trust Act] might look like a law protecting consumers nationwide, it is actually a law protecting companies with large databases from state laws protecting consumers.

So in its current form, this legislation would make things worse, not better."

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