HOUSE OF REPRESENTATIVES

H.R. NO.

16

TWENTY-SEVENTH LEGISLATURE, 2014

 

STATE OF HAWAII

 

 

 

 

 


HOUSE RESOLUTION

 

 

urging congress, hawaii financial institutions, and Hawaii businesses to adopt legislation, policies, and procedures to use identity theft-resistant credit cards.

 

 

 


     WHEREAS, credit card data theft is one of the fastest-growing crimes in the nation, increasing 50 percent from 2005 to 2010, according to a recent report from the United States Department of Justice; and

 

WHEREAS, credit card data theft is often included in the general definition of identity theft, a crime that occurs when a thief steals an individual's personal information and uses it without the individual's permission; and

 

WHEREAS, identity theft is a serious crime that can devastate an individual's finances, credit history, and reputation, and can take time, money, and patience to resolve; and

 

     WHEREAS, the number of malicious programs written to steal an individual's personal information has grown exponentially from about 1,000,000 in 2007 to an estimated 130,000,000 in 2013; and

 

     WHEREAS, identity theft is expected to surpass traditional theft as the leading form of property crime, and security analysts have reported that everyone should prepare to become an identity theft victim at some point; and

 

     WHEREAS, most Americans have a greater chance of having their personal identity information stolen than being actually held up at gunpoint; and

WHEREAS, a company has recently introduced a new type of identity theft-resistant credit card that is designed to reduce the chances of consumers being hit with fraudulent credit card debt; and

 

     WHEREAS, in designing this new type of credit card, the company has developed small, digital, internal components that will allow a consumer to enter a personal unlocking code that will generate a unique credit card number for every transaction, making the card more difficult to use by thieves if it is lost or stolen; and

    

     WHEREAS, at least one major bank is testing this new type of credit card in a number of small pilot programs, and more lenders may adopt the technology in the near future; now, therefore,

 

     BE IT RESOLVED by the House of Representatives of the Twenty-seventh Legislature of the State of Hawaii, Regular Session of 2014, that the Congress of the United States, Hawaii financial institutions, and Hawaii businesses are urged to adopt legislation, policies, and procedures to use identity theft-resistant credit cards; and

 

     BE IT FURTHER RESOLVED that the Congress of the United States is urged to adopt legislation that would ease a transition to a new type of identity theft-resistant credit card; and

 

     BE IT FURTHER RESOLVED that Hawaii financial institutions and Hawaii businesses that offer credit cards are urged to use the new identity theft-resistant credit card technology to reduce the chances of consumers being victimized by identity thieves; and

 

     BE IT FURTHER RESOLVED that certified copies of this Resolution be transmitted to the President Pro Tempore of the United States Senate, the Speaker of the United States House of Representatives, the members of Hawaii's congressional delegation, the President of the Hawaii Bankers Association, the President and Chief Executive Officer of the Chamber of Commerce of Hawaii, and the Chairperson of the Board of Directors of the Retail Merchants of Hawaii.

 

 

 

 

OFFERED BY:

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Report Title: 

Credit Card; Fraud; Technology; Identity Theft