Identity Theft Penalty Enhancement Act of 2002

Identity Theft Penalty Enhancement Act of 2002 - Amends the Federal criminal code to establish penalties for aggravated identity theft.

Prescribes a sentence of: (1) two years imprisonment for knowingly transferring, possessing, or using, without lawful authority, a means of identification of another person during and in relation to specified felony violations (including felonies relating to theft from employee benefit plans and to various fraud and immigration offenses), in addition to the punishment provided for such felony; and (2) five years imprisonment for knowingly taking such action during and in relation to specified felony violations pertaining to terrorist acts, in addition to the punishment provided for such felony.

Bars probation for any person convicted of such violations. Provides for consecutive sentences, subject to specified limitations.

Expands the existing identify theft prohibition to: (1) cover possession of a means of identification of another with intent to commit specified unlawful activity; (2) increase penalties for violations; and (3) include acts of domestic terrorism within the scope of a prohibition against facilitating an act of international terrorism.