March 14, 2018

Senate Passes Cassidy Legislation to Protect Children from Identity Fraud as Part of Bipartisan Banking Reform Bill

WASHINGTON— U.S. Senator Bill Cassidy, M.D. (R-LA), a member of the Senate Finance Committee, praised the Senate’s passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), bipartisan legislation to reform Dodd-Frank and make it easier for small community banks to extend credit, loans and mortgages to consumers in Louisiana.

The Senate passed the bill with strong bipartisan support, by a vote of 67-31. Included in the bill is the bipartisan legislation Cassidy introduced last week with Senators Tim Scott (R-SC), Claire McCaskill (D-MO), and Gary Peters (D-MI) that will prevent children’s identities from being stolen through a type of theft known as synthetic ID fraud.

“These bipartisan reforms to banking regulations will cut red tape and give people in Louisiana better access to the financial services they need to succeed,” said Dr. Cassidy. “I’m glad it also includes my legislation to protect children from having their identities stolen before they can even talk, and modernize our fraud detection systems to stop more people from becoming victims.”