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Federal Law Toughens Identity Theft Penalties

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From Times Wire Reports

President Bush signed legislation that toughened penalties for identity theft, which federal officials said cost U.S. consumers and businesses more than $50 billion last year.

The law expands the maximum penalty for identity theft from three to five years, and it clarifies that the 25-year maximum sentence for identity theft in facilitating terrorism applies to both international and domestic terrorism.

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