THE MAGAZINE

Data Security.

A bill (H.R. 4127) that would have required that companies protect the personal information of customers was approved by the House Energy and Commerce Committee, the House Judiciary Committee, and the House Financial Services Committee. However, the bill was not brought before the House of Representatives.H.R. 4127 would have required that any company that holds or transmits individuals’ personal information establish security to protect that information. The bill would also have required that information brokers set up reasonable procedures to verify the accuracy of information they collect, assemble, or maintain. H.R. 4127 would have prohibited information brokers from obtaining or attempting to obtain personal information through false pretenses. The bill defined false pretenses as making false statements or representations or providing counterfeit, lost, stolen, or fraudulently obtained documents.

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