Helps law enforcement identify, disrupt, and prevent terrorist acts and money laundering activities by encouraging cooperation among law enforcement, regulators, and financial institutions to share information. It created obligations for financial institutions to have adequate procedures to identify and maintain records of customer account information.

Amends the Federal criminal code to establish penalties for aggravated identity theft for misuse of private information. Individuals caught and convicted of identity theft will receive 2 to 5 years of imprisonment.

Is an act set up for publicly traded companies to protect investors by improving the accuracy and reliability of corporate financial disclosures. The act also requires secure document retention and destruction – to better protect against corporate and accounting fraud.