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Privacy Notice Modernization Act of 2015

1/11/2023, 1:28 PM

Congressional Summary of S 423

Privacy Notice Modernization Act of 2015

Amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations.

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Current Status of Bill S 423

Bill S 423 is currently in the status of Bill Introduced since February 10, 2015. Bill S 423 was introduced during Congress 114 and was introduced to the Senate on February 10, 2015.  Bill S 423's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of February 12, 2015

Bipartisan Support of Bill S 423

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
50
Democrat Cosponsors
13
Republican Cosponsors
36
Unaffiliated Cosponsors
1

Policy Area and Potential Impact of Bill S 423

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Banking and financial institutions regulation
- Consumer affairs
- Consumer credit
- Right of privacy

Comments

Sponsors and Cosponsors of S 423

Jerry Moran
Jerry Moran
KansasRepublican
Elizabeth Warren
Elizabeth Warren
MassachusettsDemocrat
Mark R. Warner
Mark R. Warner
VirginiaDemocrat
Jon Tester
Jon Tester
MontanaDemocrat
Patrick J. Toomey
Patrick J. Toomey
PennsylvaniaRepublican
John Thune
John Thune
South DakotaRepublican

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