BILL ANALYSIS ------------------------------------------------------------ |SENATE RULES COMMITTEE | SB 1087| |Office of Senate Floor Analyses | | |1020 N Street, Suite 524 | | |(916) 651-1520 Fax: (916) | | |327-4478 | | ------------------------------------------------------------ THIRD READING Bill No: SB 1087 Author: Alquist (D) Amended: 4/27/10 Vote: 21 SENATE PUBLIC SAFETY COMMITTEE : 7-0, 4/20/10 AYES: Leno, Cogdill, Cedillo, Hancock, Huff, Steinberg, Wright SUBJECT : Identity theft: restitution SOURCE : San Francisco County District Attorney DIGEST : This bill provides that restitution in an identity theft case shall include, for a period of time reasonably necessary to make the victim whole, the cost of repairing the victim's credit and monitoring the victim's credit report. ANALYSIS : Existing law establishes various offenses relating to identity theft. Existing law establishes a procedure for purposes of imposing restitution obligations on defendants, as specified. This bill provides that restitution shall include "expenses for a period of time reasonable necessary to make the victim whole, for the costs to monitor the credit report of, and for the costs to repair the credit of, a victim of identity theft, as defined in Section 530.5 [of the Penal Code]." CONTINUED SB 1087 Page 2 FISCAL EFFECT : Appropriation: No Fiscal Com.: No Local: No SUPPORT : (Verified 4/27/10) San Francisco County District Attorney (source) Association of California Insurance Companies California Chamber of Commerce California Land Title Association California Retailers Association San Bernardino County Sheriff's Department ARGUMENTS IN SUPPORT : Proponents state: "Identity theft contuse to top the Federal Trade commission's (FTC) list of consumer complaints. According to the FTC 8.1 million United States residents were victims of identity theft in 2007 with a total cost of about $45 billion. Victims spend many hundreds of hours and thousands of dollars clearing up their records and their lives. Businesses also suffer from identity theft once when their name is stolen and used illegally and again when their employees are victims subsequently needing time off to clear up their personal records. "SB 1087 reinforces the importance of punishing identity thieves and the seriousness of this crime. We believe that vigorous investigation, arrest, and prosecution of identity thieves slows the growing threat of this crime and removes these criminals from our streets." RJG:mw 4/28/10 Senate Floor Analyses SUPPORT/OPPOSITION: SEE ABOVE **** END ****