H.R.601 - Eliminate Privacy Notice Confusion Act114th Congress (2015-2016)
|Sponsor:||Rep. Luetkemeyer, Blaine [R-MO-3] (Introduced 01/28/2015)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Committee Reports:||H. Rept. 114-59|
|Latest Action:||Senate - 04/14/2015 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Text: H.R.601 — 114th Congress (2015-2016)All Information (Except Text)
Text available as:
Referred in Senate (04/14/2015)
Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To amend the Gramm-Leach-Bliley Act to provide an exception to the annual privacy notice requirement.
This Act may be cited as the “Eliminate Privacy Notice Confusion Act”.
Section 503 of the Gramm-Leach-Bliley Act (15 U.S.C. 6803) is amended by adding at the end the following:
“(1) provides nonpublic personal information only in accordance with the provisions of subsection (b)(2) or (e) of section 502 or regulations prescribed under section 504(b), and
“(2) has not changed its policies and practices with regard to disclosing nonpublic personal information from the policies and practices that were disclosed in the most recent disclosure sent to consumers in accordance with this section,shall not be required to provide an annual disclosure under this section until such time as the financial institution fails to comply with any criteria described in paragraph (1) or (2).”.
Passed the House of Representatives April 13, 2015.
|Attest:||karen l. haas,|