IB 
Union Calendar No. 321 
115TH CONGRESS 
1ST SESSION H. R. 2396 
[Report No. 115–434] 
To amend the Gramm-Leach-Bliley Act to update the exception for certain 
annual notices provided by financial institutions. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 4, 2017 
Mr. TROTT (for himself and Mr. CLAY) introduced the following bill; which 
was referred to the Committee on Financial Services 
DECEMBER 4, 2017 
Additional sponsors: Mr. SHERMAN, Mr. LUETKEMEYER, Mr. MEEKS, Mr. 
MESSER, Mr. ROTHFUS, and Mr. GONZALEZ of Texas 
DECEMBER 4, 2017 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on May 4, 2017] 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Privacy Notification 
Technical Clarification Act’’. 
SEC. 2. EXCEPTION TO ANNUAL NOTICE REQUIREMENT. 
Section 503 of the Gramm-Leach-Bliley Act (15 U.S.C. 
6803) is amended by adding at the end the following: 
‘‘(g) ADDITIONAL EXCEPTION TO ANNUAL NOTICE RE-
QUIREMENT.— 
‘‘(1) IN GENERAL.—A financial institution that 
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 an-
nual disclosure under this section if— 
‘‘(A) the financial institution makes its cur-
rent policy available to consumers on its website 
and via mail upon written request sent to a des-
ignated address identified for the purpose of re-
questing the policy or upon telephone request 
made using a toll free consumer service telephone 
number; and 
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‘‘(B) the financial institution conspicuously 
notifies consumers of the availability of the cur-
rent policy, including— 
‘‘(i) with respect to consumers who are 
entitled to a periodic billing statement, a 
message on or with each periodic billing 
statement; and 
‘‘(ii) with respect to consumers who are 
not entitled to a periodic billing statement, 
through other reasonable means such as on 
its website or with other written commu-
nication, including electronic communica-
tion, sent to the consumer. 
‘‘(2) TREATMENT OF MULTIPLE POLICIES.—If a 
financial institution maintains more than one set of 
policies described under paragraph (1) that vary de-
pending on the consumer’s account status or State of 
residence, the financial institution may comply with 
the website posting requirement in paragraph (1)(A) 
by posting all of such policies to the public section of 
the financial institution’s website, with instructions 
for choosing the applicable policy.’’. 
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Union Calendar No. 321 
115TH CONGRESS 
1ST SESSION 
H. R. 2396 
[Report No. 115–434] 
A BILL 
To amend the Gramm-Leach-Bliley Act to update 
the exception for certain annual notices provided 
by financial institutions. 
DECEMBER 4, 2017 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
VerDate Sep 11 2014 
20:42 Dec 04, 2017
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PO 00000
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E:\BILLS\H2396.RH
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