Posted on 06/25/2008 7:23:28 AM PDT by Kozman
Hidden deep in Senator Christopher Dodd's 630-page Senate housing legislation is a sweeping provision that affects the privacy and operation of nearly all of Americas small businesses. The provision, which was added by the bill's managers without debate, would require the nation's payment systems to track, aggregate, and report information on nearly every electronic transaction to the federal government.
"This is a provision with astonishing reach, and that was slipped into the bill.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, Amazon, and Google Checkout that are used by manA small online businesses. The privacy implications for America's small businesses are breathtaking," says Dick Armey, chairman of the policy watchdog group, FreedomWorks....
(Excerpt) Read more at economicpolicyjournal.com ...
Veto bait ?
And here I though the left was a champion of privacy rights. Funny, the only privacy rights the left seems to care about surrounds the killing babies or downloading kiddie porn.
And here I though the left was a champion of privacy rights. Funny, the only privacy rights the left seems to care about surrounds the killing babies or downloading kiddie porn.
Of course, this is OK with the Democrat lemmings. Can’t have the Feds spy on terrorists but nary a peep out of reporting every online Barbie purchase to the same Feds.
What is the bill number?
Sen Dodd is looking like the motherlode of scandal.
Thanks
The Bill is H.R.3221 (I think I am right) Go here http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=2&vote=00155 and you can see about the vote.
I am just wondering, due to my lack of understanding the process, if we flood the offices with calls is it too late?
Kind of ironic, isn't it, that the man represents the "Constitution State," where there is no income tax?
Well, that would be interesting, but it is sort of counter to the fact that his favorite banks drafted the bill to begin with.
The Housing and Economic Recovery Act of 2008 contains several provisions of note:
(1) creates a new regulator for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks;
(2) creates an “affordable” Housing Trust Fund;
(3) establishes a new FHA program (HOPE for Homeowners) to refinance defaulted borrowers into a government-insured loan;
(4) sets minimum national standards for mortgage brokers;
(5) provides mortgage protections for servicemembers; and
(6) provides various housing related tax measures.
...and a few more things besides, (like the "Payment Card and Third Party Network Information Reporting" provision, but why worry about them.
Apparently item 3 [emphasis mine] is a little hat-tip to one Senator Obama.
May I suggest that you stop linking us to Cindy Sheehan’s boyfriend’s web site (Lew Rockwell) to promote this (or any other article.)
Go directly to the horses’ mouth:
Freedom Works: http://www.freedomworks.org/
Lew Rockwell is an extremist, emotionally immature kook.
Hey, isn't this the bill that Big Brutha Obama took credit for writing, though he had nothing to do with it?
Yay communism!
More invasion of privacy from the left.
He just joined for the purpose of posting this.
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