To amend the Gramm-Leach-Bliley Act to establish procedures for disclosures by financial institutions of nonpublic personal information, and for other purposes.

Bill 117 hr 3911, also known as the Gramm-Leach-Bliley Act Amendment, aims to make changes to the existing Gramm-Leach-Bliley Act in order to establish new procedures for financial institutions to disclose nonpublic personal information. The bill seeks to enhance consumer privacy protections by requiring financial institutions to provide clear and transparent disclosures about how they collect, use, and share personal information.

Under this proposed legislation, financial institutions would be required to inform consumers about the types of personal information they collect, how it is used, and with whom it is shared. This would give consumers greater control over their personal data and allow them to make more informed decisions about their financial relationships.

In addition to enhancing consumer privacy protections, the bill also includes provisions to strengthen data security measures within financial institutions. This would help to prevent data breaches and protect consumers from identity theft and other forms of financial fraud. Overall, the Gramm-Leach-Bliley Act Amendment aims to modernize and strengthen the existing privacy and security provisions of the Gramm-Leach-Bliley Act in order to better protect consumers in an increasingly digital and data-driven financial landscape.