; and (2) designate a Federal banking agency, as defined in section 509 of the Gramm-Leach-Bliley Act ( 15 U.S.C. 6809 ), to serve as the designated agency under subsection (a). (c) Large consumer reporting agency defined The term large consumer reporting agency has the meaning given the term consumer reporting agency that compiles and maintains files on consumers on a nationwide basis under section 603(p) of the Fair Credit Reporting Act. . II National Security Freeze 201. National security freeze and additional protections for files and credit records of protected consumers Section 605 of the Fair Credit Reporting Act ( 15 U.S.C. 1681c ) is amended by adding at the end the following: (i) National security freeze and additional protections for files and credit records of protected consumers (1) Definitions For purposes of this subsection: (A) The term proper identification has the meaning of such term as used under section 610. (B) The term consumer reporting agency means a consumer reporting agency that compiles and maintains files on consumers on a nationwide basis. (C) The term security freeze means a restriction placed on making consumer reports of a consumer, at the request of the consumer, that prohibits a consumer reporting agency from making a consumer report with respect to the consumer to any person for the purpose of opening a new account involving the extension of credit. (2) Request for security freeze, processing time, confirmation of freeze and personal identification number or password (A) Request A consumer may request that a consumer reporting agency place a security freeze by sending a request via mail, telephone, facsimile, internet, or other electronic media to the consumer reporting agency in a manner designated by the consumer reporting agency to receive such requests. (B) Placement of security freeze A consumer reporting agency shall place a security freeze no later than 5 business days after receiving from the consumer— (i) a request described under subparagraph (A)