Eliminate Privacy Notice Confusion Act

Hozzl · 2023-01-11T13:27:30Z

Explore the details of House Bill 601 Eliminate Privacy Notice Confusion Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

1/11/2023, 1:27 PM

Congressional Summary of HR 601

(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.

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Current Status of Bill HR 601

Bill HR 601 is currently in the status of Bill Introduced since January 28, 2015. Bill HR 601 was introduced during Congress 114 and was introduced to the House on January 28, 2015. Bill HR 601's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of April 14, 2015

Bipartisan Support of Bill HR 601

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 601

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

Banking and financial institutions regulationConsumer affairsConsumer creditRight of privacy

Alternate Title(s) of Bill HR 601

Eliminate Privacy Notice Confusion ActTo amend the Gramm-Leach-Bliley Act to provide an exception to the annual privacy notice requirement.Eliminate Privacy Notice Confusion ActEliminate Privacy Notice Confusion Act

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