An investment banker has signed a letter of intent to reopen the registered traveler lanes once operated by Steve Brill’s Verified Identity Pass, according to The Gainesville Sun.
Kurtis Fechtmeyer intends to buy the assets of the system from Morgan Stanley and resurrect the Clear lanes before the holidays. Fechtmeyer is principal with Henry Inc., an Emeryville, Calif.-based investment banking firm.
Fechtmeyer will offer former Clear members, some of whom had paid for years of the service in advance, the option of rejoining with their membership in place.
A U.S. House of Representatives hearing is scheduled today to discuss the future of registered traveler and Fechtmeyer’s wife, Alison Townley, is scheduled to testify.
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