P.O. Box 12068, State Capitol
Austin, Texas 78711
Tel. (512) 463-0112
FOR IMMEDIATE RELEASE
February 12, 2013
AUSTIN — The Senate Committee on Business and Commerce today unanimously passed SB 60 by Texas State Senator Jane Nelson, R-Flower Mound, to better protect children from identity theft by allowing parents to place a freeze on their child's credit history.
"This legislation allows parents to place a 'Do Not Enter' sign on their child's credit record, thereby protecting young Texans from the devastating impact of identity theft," said Senator Nelson.
The bill, which now moves to the full Senate for further consideration:
- requires credit reporting agencies, at the request of a parent, to create a credit record for a child under the age of 16; and
- authorizes parents to place a security freeze once a file is created and prohibits the release of information for credit purposes.
In the past three years, 57,000 cases of child identity theft have been reported to the Federal Trade Commission.