REP. LOUDERMILK ADVANCES BILLS IN FINANCIAL SERVICES COMMITTEE

Washington, June 30 -- Rep. Barry Loudermilks issued the following press release:

Rep. Barry Loudermilk (R-GA) issued the following statement following passage of H.R. 5775 - the FCRA Liability Harmonization Act and H.R. 1483, the Protecting Investors' Personally Identifiable Information Act out of Committee.

"Today, two pieces of legislation I have worked hard on to improve conservative governance within the financial services sector, have taken another critical step closer to receiving a vote in the House. The two bills passed out of the House Financial Services Committee will help curb abusive litigation practices and reduce accidental or intentional security breaches by restricting the SEC's ability to collect unnecessary personally i...