BPI Supports Senate Effort to Achieve Digital ID Benefits

Senate committee votes to advance bill to the full Senate for consideration

Washington, D.C. – The U.S. Senate Homeland Security and Governmental Affairs Committee voted to pass the “Improving Digital Identity Act of 2022” (S.4528) during a legislative markup today. The bill would establish a federal task force to identify a digital id implementation strategy across federal, state and local governments in a way that is user friendly, accessible, enhances security and preserves privacy. The task force would also coordinate an intragovernmental effort to ensure that digital ids remain interoperable with existing physical ids, such as a driver’s license or passport.

“We support this legislation and believe a well-constructed digital ID would improve security and enhance customer convenience,” stated Ed Hill, head of government affairs at the Bank Policy Institute. “We are grateful to Sens. Kyrsten Sinema, Cynthia Lummis and Rob Portman and Reps. Bill Foster, John Katko and Carolyn Maloney for spearheading this effort in Congress. It is also worth highlighting the substantial contributions of the Better Identity Coalition to this issue.”

In addition to establishing the “Improving Digital Identity Task Force,” the bill requires the Government Accountability Office to submit a report to Congress indicating any potential cost savings that digital ID implementation would have on reducing fraud and instances of identity theft.

The bill now advances to the full Senate for consideration.


About Bank Policy Institute.

The Bank Policy Institute (BPI) is a nonpartisan public policy, research and advocacy group, representing the nation’s leading banks and their customers. Our members include universal banks, regional banks and the major foreign banks doing business in the United States. Collectively, they employ almost 2 million Americans, make nearly half of the nation’s small business loans, and are an engine for financial innovation and economic growth.

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