1. Short title This Act may be cited as the Protecting Children From Identity Theft Act . 2. Reducing identity fraud (a) Purpose The purpose of this section is to reduce the prevalence of synthetic identity fraud, which disproportionally affects vulnerable populations, such as minors and recent immigrants, by facilitating the validation by permitted entities of fraud protection data, pursuant to electronically received consumer consent, through use of a database maintained by the Commissioner. (b) Definitions In this section: (1) Commissioner The term Commissioner means the Commissioner of the Social Security Administration. (2) Financial institution The term financial institution has the meaning given the term in section 509 of the Gramm-Leach-Bliley Act ( 15 U.S.C. 6809 ). (3) Fraud protection data The term fraud protection data means a combination of the following information with respect to an individual: (A) The name of the individual (including the first name and any family forename or surname of the individual). (B) The Social Security number of the individual. (C) The date of birth (including the month, day, and year) of the individual. (4) Permitted entity The term permitted entity means a financial institution or a service provider, subsidiary, affiliate, agent, subcontractor, or assignee of a financial institution. (c) Efficiency (1) Reliance on existing methods The Commissioner shall evaluate the feasibility of making modifications to any database that is in existence as of the date of enactment of this Act or a similar resource such that the database or resource— (A) is reasonably designed to effectuate the purpose of this section