[PAA-Discuss] Chris Dodd wants credit card companies to report what you buy to the federal government

Rick _lux lux_88 at hotmail.com
Mon Jun 23 13:20:55 EDT 2008










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FW: Chris Dodd wants credit card companies to report what you buy to the federal government





------ Forwarded Message

From: Jim Azzola <jazzola1 at yahoo.com>

Reply-To: Jim Azzola <jazzola1 at yahoo.com>

Date: Mon, 23 Jun 2008 09:52:34 -0700 (PDT)



Subject: Chris Dodd wants credit card companies to report what you buy to the federal government



This is more info related to a recent Email I sent. Legislation pending allows the Fed access to all your transaction info on Ebay, credit cards, etc.  This is outrageous and must be stopped!  Contact your congresscritters!   Jim



Meetup members, 

 In the last email, I referenced  the urgency of the times. Last week, with the help of Democrats and  Republicans, the Congress voted for a bad reauthorization of FISA courts.  Now, they are seeking to expand the American Surveillance Society by  requiring all credit card purchases to be reported to the Federal  government. I have contacted the Campaign For Liberty about the necessity  to get vocal on issues like this right now, rather than waiting till  September. In the meantime, it is strictly up to us to fight this  legislation. I also, expect  other activists groups, like FreedomWorks. Featured in the article below,  to start generating npoise as well. 

 Sincerely, Dean Taffel They who can give up essential liberty to obtain a  little temporary safety, deserve neither liberty nor safety.  --Benjamin  Franklin, 1755 

 http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=67640 <http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=67640>  ON  CAPITOL HILL

Congress wants to know your eBay <http://www.ebay.com/>  buying  habits

'Honey pot of private data would include Social Security  numbers' Posted: June 20, 2008

7:53 pm  Eastern



© 2008 WorldNetDaily  A freedom-focused grassroots organization has  issued a nationwide alert about a plan in Congress that  would require  credit card  companies <http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=67640> , eBay, Amazon, Google <http://www.google.com/>  and other companies  to report what you buy to the federal  government. FreedomWorks <http://www.freedomworks.org/>  chairman Dick Armey said the  privacy implications are "breathtaking." "This is a provision with astonishing reach,  and it was slipped into the bill just this week," he said. "Not only does  it affect nearly every credit card transaction in America, such as Visa,  MasterCard, Discover and American Express, but the bill specifically  targets payment systems like eBay's PayPal <http://www.paypal.com/> , Amazon and Google Checkout,"  he said. FreedomWorks said the  provision is "hidden deep in Sen. Christopher Dodd's 630-page Senate  housing legislation." It was added by the bill's managers without debate  and calls for a tracking and reporting system "on nearly every electronic  transaction." "Privacy groups like the  Center for Democracy and Technology <http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=67640>  and small business  organizations like the NFIB sharply criticized this idea when it first  appeared earlier this year," the FreedomWorks statement  said. "What is the federal  government's purpose with this kind of detailed data? How will this  database be secured, and who will have access? Many small proprietors use  their Social Security number as their tax ID. How will their privacy be  protected? What compliance costs will this impose on businesses? Why is  Sen. Chris Dodd putting this provision in a housing bailout bill? The bill  also includes the creation of a new national fingerprint registry for  mortgage brokers." The bill's summary,  FreedomWorks said, states: Payment Card and Third Party  Network Information Reporting. The proposal requires information reporting  on payment card and third party network transactions. Payment  settlement <http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=67640>  entities, including merchant  acquiring banks and third party settlement organizations, or third party  payment facilitators acting on their behalf, will be required to report  the annual gross amount of reportable transactions to the IRS and to the  participating payee. Reportable transactions include any payment card  transaction and any third party network <http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=67640>  transaction. Participating  payees include persons who accept a payment card as payment and third  party networks who accept payment from a third party settlement  organization in settlement of transactions. "At a time when concerns  about both identity theft and government spying are paramount, Congress  wants to create a new honey pot of private data that includes Social  Security numbers. This bill reduces privacy across America's payment  processing systems and treats every American small business or eBay power  seller like a criminal on parole by requiring an unprecedented level of  reporting to the federal government. This outrageous idea is another  reason to delay the housing bailout legislation so that Senators and the  public at large have time to examine its full implications," FreedomWorks  said. FreedomWorks is chaired by  Armey, the former U.S. House Majority leader, and pursues lower  taxes <http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=67640> , less government and more  freedom by coordinating the work of thousands of grassroots  volunteers. The activist organization is  urging Americans to contact their congressmen and object to the  plan. Related  offers: Rediscovering Gold in the 21st Century: The Complete Guide to the  Next Gold Rush <http://shop.wnd.com/store/item.asp?DEPARTMENT_ID=6&SUBDEPARTMENT_ID=21&ITEM_ID=1659>  "Global  Warming or Global Governance?" DVD <http://shop.wnd.com/store/item.asp?DEPARTMENT_ID=29&SUBDEPARTMENT_ID=154&ITEM_ID=2145>  "The  Sky's Not Falling!" <http://shop.wnd.com/store/item.asp?DEPARTMENT_ID=6&SUBDEPARTMENT_ID=92&ITEM_ID=2142>  "Betrayed  by the Bench" <http://shop.wnd.com/store/item.asp?DEPARTMENT_ID=6&SUBDEPARTMENT_ID=20&ITEM_ID=1849>  Previous  stories: Newborns'  DNA targeted for state research,  profiling <http://wnd.com/index.php?fa=PAGE.view&pageId=61984>  State  backs off demand to run home  thermostats <http://www.wnd.com/index.php?fa=PAGE.view&pageId=45588>  







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