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S 3987 111th Congress Senate Finance and Financial Sector Computer security and identity theft Consumer credit Fraud offenses and financial crimes

Red Flag Program Clarification Act of 2010

Introduced: November 30, 2010 Introduced by: Thune, John Republican · South Dakota See on congress.gov
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 Everywhere this bill has been 16 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 18, 2010
Became Public Law No: 111-319.
Dec 18, 2010
Signed by President.
Dec 9, 2010
Presented to President.
Dec 7, 2010
Cleared for White House.
Dec 7, 2010
Motion to reconsider laid on the table Agreed to without objection.
Dec 7, 2010
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8059)
Dec 7, 2010
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8059)
Dec 7, 2010
DEBATE - The House proceeded with forty minutes of debate on S. 3987.
Dec 7, 2010
Considered under suspension of the rules. (consideration: CR H8059-8060)
Dec 7, 2010
Mr. Adler (NJ) moved to suspend the rules and pass the bill.
Dec 1, 2010
Referred to the House Committee on Financial Services.
Dec 1, 2010
Message on Senate action sent to the House.
Dec 1, 2010
Received in the House.
Nov 30, 2010
Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S8288-8289; text as passed Senate: CR S8289)
Nov 30, 2010
Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.(consideration: CR S8288-8289; text as passed Senate: CR S8289)
Nov 30, 2010
Introduced in Senate
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Red Flag Program Clarification Act of 2010 - Amends the Fair Credit Reporting Act, with respect to federal agency (red flag) guidelines regarding identity theft and the users of consumer reports, to define creditor to mean one that regularly and in the ordinary course of business: (1) obtains or uses consumer reports, directly or indirectly, in connection with a credit transaction; (2) furnishes information to certain consumer reporting agencies in connection with a credit transaction; or (3) advances funds to or on behalf of a person, based on the person's obligation to repay the funds or on repayment from specific property pledged by or on the person's behalf.

Includes in the definition any other type of creditor as the federal agency (banking agency, National Credit Union Administration, or the Federal Trade Commission [FTC]) having authority over that creditor may determine appropriate, if the creditor offers or maintains accounts subject to a reasonably foreseeable risk of identity theft.

Excludes from the definition of creditor, however, any creditor that advances funds on behalf of a person for expenses incidental to a service the creditor provides to that person.


What's happening now December 18, 2010

Became Public Law No: 111-319.

 Committees of jurisdiction 1