I voted in support of H.R. 5192, which seeks to curb identity fraud by requiring the Social Security Administration (SSA) to develop a database that financial institutions can use to compare their consumer data against SSA records.

Even if a financial institution rejects an initial application by an individual using a synthetic identity, credit bureaus create a record from the transaction based on the fraudulent credentials. Consequently, the record can be used repeatedly by a fraudster to establish a fake identity used to commit financial and other types of fraud.

Children and other Americans with limited or non-existent credit histories are particularly vulnerable to having the SSNs misused for synthetic identities.

Seth Moulton Quotes