Identity Theft Victims Assistance Act of 2002

Requires the victim to provide specified proof of identity (such as the presentation of a government-issued identification card) and of a claim of identity theft (such as a copy of a police report or standardized affidavit made available by the Federal Trade Commission (FTC)). Limits the liability of a business entity for good faith disclosures meeting specified requirements.

Sets forth provisions regarding authority of such entity to decline to provide information and affirmative defenses.

Authorizes State attorneys general to bring civil actions on behalf of State residents where an interest of a resident has been, or is threatened to be, adversely affected by a violation of this section by a business entity. Requires the State attorney general to provide written notice of the action to the Attorney General of the United States, who shall have the right to intervene in that action.

(Sec. 4) Amends the Fair Credit Reporting Act (FCRA) to require a consumer reporting agency, within 30 days of receiving proof of the identity of a consumer and an official copy of a police report evidencing the claim of identity theft, to block the reporting of any information identified by the consumer in the consumer's file resulting from the identity theft so that the information cannot be reported. Sets forth circumstances under which the agency may decline to block or rescind any block of consumer information. Requires the affected consumer shall be notified promptly if the block is declined or rescinded.

Provides that a consumer reporting agency shall not be required to comply when it is issuing information for authorizations for the purpose of approving or processing negotiable instruments, electronic funds transfers, or similar methods of payment, based solely on negative information. Sets forth requirements regarding resellers and penalties for false claims of identity theft.

Makes the statute of limitations four years from the date of the violation if the plaintiff: (1) is the victim of an identity theft; or (2) has reasonable grounds to believe that the plaintiff is the victim of an identity theft and has not materially and willfully misrepresented such a claim.

(Sec. 5) Amends the Internet False Identification Prevention Act of 2000 to include the Chairman of the FTC, the Postmaster General, and the Commissioner of the U.S. Customs Service on the Coordinating Committee on False Identification. Extends the termination date for the Committee.

Requires the Attorney General and the Secretary of the Treasury, at the end of each year of the Committee's existence, to report on its activities to the Senate Committee on Banking, Housing, and Urban Affairs, and to the House Committee on Financial Services (in addition to the House and Senate Judiciary Committees, as under current law). Requires that report to include: (1) a comprehensive description of Federal assistance provided to State and local law enforcement agencies to address identity theft; (2) a comprehensive description of coordination activities between Federal, State, and local law enforcement agencies that address identity theft; and (3) recommendations in the President's discretion for certain legislative or administrative changes.