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• Introduced by Sen. Gilda Jacobs (D) on January 25, 2007, to require credit reporting agencies to place a “security alert” notice in the credit report of an individual who has been the victim of identity theft and requests the alert. Also, to require credit reporting agencies to honor a “security freeze” request from a consumer, which prohibits the release of information to a third party without prior express authorization from the consumer. The bill controls the prices the agencies may charge for this service.
  • Referred to the Senate Banking and Financial Institutions Committee on January 25, 2007.
    • Reported in the Senate on March 27, 2007, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
  • Substitute offered in the Senate on May 22, 2007, to replace the previous version of the bill with one that establishes that consumers or credit reporting agencies could sue over violations of the credit report “security freeze” provisions contained in the original bill, and now contained in Senate Bill 340. The substitute passed by voice vote in the Senate on May 22, 2007.
• Passed 38 to 0 in the Senate on May 23, 2007, to establish that consumers or credit reporting agencies could sue for damages for violations of the credit report “security freeze” provisions contained in the original bill, and now contained in Senate Bill 340.
  Who Voted "Yes" and Who Voted "No"
• Received in the House on May 23, 2007.
  • Referred to the House Banking and Financial Services Committee on May 23, 2007.