Senator Gottesman Testifies Before New Hampshire House Committee in Support of Important Credit Freeze Legislation

For Immediate Release

Contact: Senator David Gottesman

Phone: 603 271-

Email: david.gottesman@leg.state.nh.us

Wednesday, March 15, 2006

Senator Gottesman Testifies Before New Hampshire House Committee in Support of Important Credit Freeze Legislation

CONCORD, NH – Sen. David Gottesman today testified before the House Commerce Committee in support of SB 334, legislation authorizing the use of a credit freeze as a means of deterring identity theft.

“SB334 is an effort to address the problem of identity theft of an individual credit files,” explained Sen. Gottesman. “If a person becomes aware of a theft of their personal information, then upon filing an appropriate police report, they will be entitled to a Security Freeze from the consumer reporting agencies of credit reports in their name. The credit files will remain frozen until the consumer asks that it be lifted.”

The process for lifting the credit freeze will include the provision of appropriate identification, including certain PIN number that specifically identifies the consumer.

“The purpose of this legislation is to stop the continuing theft of a consumer’s identity if it has been stolen. Many I have met, who have urged me to put forth this legislation, have indicated to me how hard it is to reestablish their lives after their credit information is stolen,” noted Sen. Gottesman. “Remember, that very personal, private information, such as social security numbers, birth date, driver’s licenses, and credit card numbers, are the key that unlocks the vault that allows identity thieves to accomplish their goal”

“I’ve worked with all stakeholders, including insurance companies, credit reporting agencies, the banking industry, and the Attorney General’s office, to make sure that New Hampshire has comprehensive legislation designed to protect New Hampshire citizens,” concluded Sen. Gottesman. “I am pleased that everyone involved has endorsed SB 334, and look forward to it passing the House.”

SB 334 is sponsored by Sen. Gottesman, Sen. Roberge, Sen. Gallus, Sen. Clegg, Sen. D'Allesandro, Sen. Fuller Clark , Rep. Hogancamp, Rep. Maxfield, Rep. Wall, and Rep. Ulery.