Eliminate Privacy Notice Confusion Act

1/11/2023, 1:27 PM

(This measure has not been amended since it was introduced. The summary has been expanded because action has occurred on the measure.)

Eliminate Privacy Notice Confusion Act

(Sec. 2) Amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers.

Congress
114

Number
HR - 601

Introduced on
2015-01-28

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

4/14/2015

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

(This measure has not been amended since it was introduced. The summary has been expanded because action has occurred on the measure.)

Eliminate Privacy Notice Confusion Act

(Sec. 2) Amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers.

Alternative Names
Official Title as IntroducedTo amend the Gramm-Leach-Bliley Act to provide an exception to the annual privacy notice requirement.

Policy Areas
Finance and Financial Sector

Potential Impact
Banking and financial institutions regulation•
Consumer affairs•
Consumer credit•
Right of privacy

Comments

Recent Activity

Latest Summary4/20/2015

(This measure has not been amended since it was introduced. The summary has been expanded because action has occurred on the measure.)

Eliminate Privacy Notice Confusion Act

(Sec. 2) Amends the Gramm-Leach-Bliley Act to exemp...


Latest Action4/14/2015
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.