H.R. 3763: To amend the Fair Credit Reporting Act to Provide for an Exclusion from Red Flag Guidelines for Certain Businesses

H.R. 3763

To amend the Fair Credit Reporting Act to Provide for an Exclusion from Red Flag Guidelines for Certain Businesses

Date
October 20, 2009 (111th Congress, 1st Session)

Staff Contact
Communications

Floor Situation

The House is expected to consider H.R. 3763 in the House on Tuesday, October 20, 2009, under a motion to suspend the rules, requiring a two-thirds majority vote for passage. This legislation was introduced by Rep. John Adler (D-NJ) on October 8, 2009.

Bill Summary

H.R. 3763 would exclude a health care practice, accounting practice and legal practice with twenty or fewer employees from the Fair Credit Reporting Act's red flag guidelines. Red flag guidelines set out how certain businesses and organizations must develop, implement, and administer their identity theft prevention programs. Also, H.R. 3763 would authorize the Federal Trade Commission to exclude any other business the commission determines necessary following an application for exclusion by such business, that such business: 1) knows all of its customers or clients individually; 2) only performs services in or around the residences of its customers; or 3) has not experienced incidents of identity theft and identity theft is rare for businesses of that type.

Cost

The Congressional Budget Office (CBO) has not yet produced a cost estimate for H.R. 3763.