Market Talk – July 26, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 202.10 points or -0.53% to 37,667.41 Shanghai increased 4.16 points or 0.14% to 2,890.90 Hang [...]
HR2990 – Change the Law for Identity Theft
QUESTION: I have been hearing a lot about house bill HR2990 also Senate bill SR759 could you explain what this is supposed to do to our economy
thank you
S
ANSWER: That was simply a bill to remove Social Security numbers as the identifying number for Medicare. The purpose of that was to prevent identity theft. When people used their SS# for healthcare, someone could take that number and apply for credit under a false identity. I do not see it as having any real change on the economy.
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