Summary: S.1870 — 98th Congress (1983-1984)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed Senate amended (04/25/1984)

(Measure passed Senate, amended)

Credit and Debit Card Counterfeiting and Fraud Act of 1984 - Amends the Federal criminal code to make it an offense to knowingly and with intent to defraud produce, buy, receive, sell, or transfer a credit card or account which is counterfeit, forged, lost, or stolen. Makes it a Federal offense to possess with the intent to defraud five or more credit cards or fraudulent payment devices. Makes it unlawful to produce, buy, sell, transfer, or possess equipment used in the production of such fraudulent payment devices.

Includes within the prohibition of the Act any individual who attempts or conspires to commit any of these offenses.

Authorizes the United States Secret Service to investigate offenses under this Act.

States that all persons having control or custody of device-making equipment, or systems utilizing a payment device, should establish a system to positively verify persons holding or using such a device or the transaction in which the device is or has been used, while minimizing intrusions on personal privacy.