House Passes Bill By Senator Nelson To Prevent Child Identity Theft
May 4, 2013
The Texas House of Representatives today passed SB 60 by Senator Jane Nelson to better protect children from identity theft by allowing parents to place a freeze on their child's credit history.
"By allowing parents to place a 'Do Not Enter' sign on their child's credit record, this legislation will help protect young Texans from identity theft," said Senator Nelson. "This crime can have a devastating effect on an individual's personal finances, and we should ensure that our young people can begin their adult lives with a clean financial slate."
The bill, which will now be sent to the Governor for his signature, requires credit reporting agencies, at the request of a parent, to create a credit record for a child under the age of 16; authorizes parents to place a security freeze once a file is created; and prohibits the release of information for credit purposes. In the past three years, 57,000 cases of child identity theft have been reported to the Federal Trade Commission.