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S 3416 111th Congress Senate Finance and Financial Sector Accounting and auditing Administrative law and regulatory procedures Banking and financial institutions regulation Computer security and identity theft Consumer affairs Consumer credit Federal Trade Commission (FTC) Health personnel Lawyers and legal services Small business

A bill to amend the Fair Credit Reporting Act to provide for an exclusion from Red Flag Guidelines for certain businesses.

Introduced: May 25, 2010 Introduced by: Thune, John Republican · South Dakota See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 25, 2010
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 25, 2010
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Fair Credit Reporting Act with respect to the duties of users of consumer reports who take adverse actions on the basis of information contained in such reports.

Excludes any health care practice, accounting practice, or legal practice with 20 or fewer employees from the meaning of creditor subject to Red Flag Guidelines regarding identity theft promulgated by the proper federal financial regulatory agency.

Excludes any other business which the Federal Trade Commission (FTC) determines: (1) knows all 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. States that such exclusion shall no longer apply to any business that can no longer meet such eligibility criteria.

What's happening now May 25, 2010

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 1
  • HR 3763 Identical bill To amend the Fair Credit Reporting Act to provide for an exclusion from Red Flag Guidelines for certain businesses.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3416: A bill to amend the Fair Credit Reporting Act to provide for an exclusion from Red Flag Guidelines for certain businesses.. 111th Congress. Open America. https://openamerica.io/bill/111-S-3416/
MLA
"S. 3416: A bill to amend the Fair Credit Reporting Act to provide for an exclusion from Red Flag Guidelines for certain businesses.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-3416/.
Bluebook (legal)
S. 3416, 111th Cong. (2026), https://openamerica.io/bill/111-S-3416/.
Markdown link
[S. 3416: A bill to amend the Fair Credit Reporting Act to provide for an exclusion from Red Flag Guidelines for certain businesses.](https://openamerica.io/bill/111-S-3416/)
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