IIB 
115TH CONGRESS 
1ST SESSION H. R. 2396 
IN THE SENATE OF THE UNITED STATES 
DECEMBER 18, 2017 
Received; read twice and referred to the Committee on Banking, Housing, and 
Urban Affairs 
AN ACT 
To amend the Gramm-Leach-Bliley Act to update the excep-
tion for certain annual notices provided by financial insti-
tutions. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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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 fol-
lowing: 
‘‘(g) ADDITIONAL EXCEPTION TO ANNUAL NOTICE 
REQUIREMENT.— 
‘‘(1) IN
GENERAL.—A vehicle financial com-
pany that has not changed its policies and practices 
with regard to disclosing nonpublic personal infor-
mation from the policies and practices that were dis-
closed in the most recent disclosure sent to con-
sumers in accordance with this section shall not be 
required to provide an annual disclosure under this 
section if— 
‘‘(A) the vehicle financial company makes 
its current policy available to consumers on its 
website and via mail upon written request sent 
to a designated address identified for the pur-
pose of requesting the policy or upon telephone 
request made using a toll free consumer service 
telephone number; 
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‘‘(B) the vehicle financial company con-
spicuously notifies consumers of the availability 
of the current policy, including— 
‘‘(i) with respect to consumers who 
are entitled to a periodic billing statement, 
a message on the front page of each peri-
odic billing statement; and 
‘‘(ii) with respect to consumers who 
are not entitled to a periodic billing state-
ment, through other reasonable means 
such as through a link on the landing page 
of the company’s website or with other 
written communication, including elec-
tronic communication, sent to the con-
sumer; and 
‘‘(C) the vehicle financial company— 
‘‘(i) provides consumers with the abil-
ity to opt out, subject to any exemption or 
exception provided under subsection (b)(2) 
or (e) of section 502 or under regulations 
prescribed under section 504(b), of having 
the consumer’s nonpublic personal infor-
mation disclosed to a nonaffiliated third 
party; and 
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‘‘(ii) includes a description about 
where to locate the procedures for a con-
sumer to select such opt out in each peri-
odic billing statement sent to the con-
sumer. 
‘‘(2) TREATMENT OF MULTIPLE POLICIES.—If 
a vehicle financial company maintains more than one 
set of policies described under paragraph (1) that 
vary depending on the consumer’s account status or 
State of residence, the vehicle financial company 
may comply with the website posting requirement in 
paragraph (1)(A) by posting all of such policies to 
the public section of the vehicle financial company’s 
website, with instructions for choosing the applicable 
policy. 
‘‘(3) 
VEHICLE
FINANCIAL
COMPANY
DE-
FINED.—For purposes of this subsection, the term 
‘vehicle financial company’ means— 
‘‘(A) a financial institution that— 
‘‘(i) is regularly engaged in the busi-
ness of extending credit for the purchase of 
vehicles; 
‘‘(ii) is affiliated with a vehicle manu-
facturer; and 
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‘‘(iii) only shares nonpublic personal 
information 
of 
consumers 
with 
non-
affiliated third parties that are vehicle 
dealers; or 
‘‘(B) a financial institution that— 
‘‘(i) regularly engages in the business 
of extending credit for the purchase or 
lease of vehicles from vehicle dealers; or 
‘‘(ii) purchases vehicle installment 
sales contracts or leases from vehicle deal-
ers.’’. 
Passed the House of Representatives December 14, 
2017. 
Attest: 
KAREN L. HAAS, 
Clerk. 
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