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Bush Signs Credit Legislation

Predisent Bush signed legislation renewing the Fair Credit Reporting Act that will preempt tougher state laws protecting privacy and preventing companies from sharing personal info. The bill is a victory for the financial industry. One positive aspect of the legislation, however, is that it gives consumers new protections against identity theft, including free credit reports and a national fraud-alert system to minimize damage once a theft has occurred.

Bush Signs ID Theft Legislation
The Washington Post, December 4, 2003