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US HB7270
Bill
Status
1/27/2026
Primary Sponsor
Pete Sessions
Click for details
AI Summary
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Secretary of the Treasury must establish a grant program for states within 1 year to develop digital driver's licenses and identity credentials that comply with NIST guidelines
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States must use at least 10% of grant funds to assist individuals with obtaining identity credentials or verification services needed for digital IDs
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Grant funds cannot be used to require digital ID adoption, eliminate physical ID issuance, or issue credentials to unauthorized immigrants
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GAO estimates federal government loses $233-521 billion annually to fraud; unemployment insurance fraud during COVID-19 reached $100-135 billion, primarily due to identity compromises
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Treasury's Financial Crimes Enforcement Network reported $394 billion in suspicious financial transactions tied to identity compromise in 2023, covering over 70% of all Suspicious Activity Reports filed by banks
Legislative Description
Stop Identity Fraud and Identity Theft Act of 2026
Last Action
Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on Financial Services, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1/27/2026