Encompass Holdings (ECMH)

[pdgood]

H.R.6060 - Identity Theft Enforcement and Restitution Act of 2008

AMMO....INCOMING

https://www.congress.gov/bill/110th-congress/house-bill/6060

Compensation

The Identity Theft Enforcement and Restitution Act requires that victims receive compensation for identity theft not only for money lost due to the crime, but also for the time and trouble caused by the identity theft. Many identity theft victims spend thousands of dollars and many months, or even years, dealing with credit bureaus and banks due to debts causes by fraudulent accounts opened by the identity thieves using the victims' names. The new law states that these victims should be paid an allotted sum of money "equal to the value of time reasonably spent by the victim in an attempt to remediate the intended or actual harm incurred by the victim from the offense." However, at this time, the law does not incorporate lost opportunities caused by identity theft such as the denial of student loans, mortgage, etc..