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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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
50Democrat Cosponsors
13Republican Cosponsors
36Unaffiliated Cosponsors
1Policy Area and Potential Impact of Bill S 423
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Banking and financial institutions regulation
- Consumer affairs
- Consumer credit
- Right of privacy
Comments
Sponsors and Cosponsors of S 423
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