RECOVER Act of 2024

The RECOVER Act of 2024 extends permanent identity protection coverage to individuals affected by federal agency data breaches, replacing previous time-limited provisions. It requires identity theft insurance coverage of at least $5 million for the remainder of an affected person's life, rather than ending after specific fiscal years. This bill directly affects victims of breaches at federal agencies (like the 2015 OPM incident), ensuring ongoing support for identity theft recovery. The key change eliminates expiration dates for coverage and mandates a minimum insurance amount, providing long-term financial protection. This is a concrete policy adjustment to enhance victim support, not a new program.