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Sinema Passes Plans to Protect Arizona Seniors, Kids from Financial Fraud

Two Sinema bills pass Congress as part of larger measure to be signed by the president

Legislation introduced by Congresswoman Kyrsten Sinema to fight financial fraud passed the House of Representatives today and now heads to the president’s desk to be signed into law. Sinema’s measures, included as part of a larger package, are part of her work to protect the financial futures of Arizona kids’ and help ensure seniors have the secure retirement they’ve earned.

The Sinema-backed Protecting Children from Identity Theft Actcracks down on “synthetic identity theft,” a new and growing type of financial crime targeting children. The Senior Safe Act, also introduced by Congresswoman Sinema, helps protect Arizona’s 1.1 million seniors from financial criminals and empower law enforcement to catch scammers before they do harm.

“No Arizonan should fall victim to financial fraud, let alone a child. These important reforms will help protect the financial security of Arizonans young and old as they plan for homeownership, a college education, or a stable retirement,”said Congresswoman Sinema.

Both bills were passed as part of the Economic Growth, Regulatory Relief, and Consumer Protection Act, a comprehensive financial reform bill designed to help Arizona’s community banks and credit unions and protect the personal finances of everyday Arizonans.

Congresswoman Sinema is a cosponsor of eight additional provisions contained in the bill. These include provisions to protect veterans’ credit, cut red tape for promising startups, and make it easier for Arizonans to achieve the dream of homeownership.

The legislation also contains critical new protections for many Arizonans who have had their personal information stolen in a data breach. Credit bureaus will now be required to provide fraud alerts and security freezes in response to data breaches like the 2017 Equifax breach that exposed the personal information of 150 million Americans.

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