IB 
Union Calendar No. 40 
114TH CONGRESS 
1ST SESSION 
H. R. 601 
[Report No. 114–59] 
To amend the Gramm-Leach-Bliley Act to provide an exception to the annual 
privacy notice requirement. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 28, 2015 
Mr. LUETKEMEYER (for himself, Mr. SHERMAN, Ms. NORTON, Mr. WELCH, 
Mr. LIPINSKI, Mr. FOSTER, Mrs. CAROLYN B. MALONEY of New York, 
Ms. TSONGAS, Mr. WESTMORELAND, Mr. ROYCE, Mr. HURT of Virginia, 
Mr. PITTENGER, Mr. FINCHER, Mr. HUIZENGA of Michigan, Mr. STIV-
ERS, Mr. KILMER, and Mr. PERLMUTTER) introduced the following bill; 
which was referred to the Committee on Financial Services 
APRIL 13, 2015 
Additional sponsors: Mr. SCHOCK, Mr. NUGENT, Mr. JONES, Ms. PINGREE, 
Mrs. BLACK, Mr. EMMER of Minnesota, Mr. LATTA, Mr. LONG, Mr. 
BROOKS of Alabama, Ms. WILSON of Florida, Mr. CARSON of Indiana, 
Mr. HILL, Mr. RENACCI, Mr. LOEBSACK, Mrs. BUSTOS, Ms. GRAHAM, 
Mr. SENSENBRENNER, Mr. PAULSEN, Ms. WASSERMAN SCHULTZ, Mr. 
FORTENBERRY, Mr. ROSS, Mr. BOST, Ms. DUCKWORTH, Mr. MURPHY of 
Florida, Mr. HUFFMAN, Mr. COLLINS of New York, Mr. BLUM, Mr. 
DUFFY, Mrs. LOWEY, Mr. RODNEY DAVIS of Illinois, Mr. SEAN PATRICK 
MALONEY of New York, Mr. KING of New York, Mr. HANNA, Mrs. MIL-
LER of Michigan, Ms. KUSTER, Mr. NEUGEBAUER, Mr. WALBERG, Mr. 
WILLIAMS, Mr. TIBERI, Mr. POSEY, and Mr. FITZPATRICK 
APRIL 13, 2015 
Committed to the Committee of the Whole House on the State of the Union 
and ordered to be printed 
VerDate Sep 11 2014 
20:59 Apr 13, 2015
Jkt 049200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6652
E:\BILLS\H601.RH
H601
mstockstill on DSK4VPTVN1PROD with BILLS
A BILL 
To amend the Gramm-Leach-Bliley Act to provide an 
exception to the annual privacy notice requirement. 
VerDate Sep 11 2014 
20:59 Apr 13, 2015
Jkt 049200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6652
E:\BILLS\H601.RH
H601
mstockstill on DSK4VPTVN1PROD with BILLS
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 ‘‘Eliminate Privacy No-
tice Confusion Act’’. 
SEC. 2. EXCEPTION TO ANNUAL PRIVACY NOTICE REQUIRE-
MENT UNDER THE GRAMM-LEACH-BLILEY 
ACT. 
Section 503 of the Gramm-Leach-Bliley Act (15 
U.S.C. 6803) is amended by adding at the end the fol-
lowing: 
‘‘(f) EXCEPTION
TO ANNUAL NOTICE REQUIRE-
MENT.—A financial institution that— 
‘‘(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 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 until such time as the financial institution 
VerDate Sep 11 2014 
20:59 Apr 13, 2015
Jkt 049200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H601.RH
H601
mstockstill on DSK4VPTVN1PROD with BILLS
fails to comply with any criteria described in paragraph 
(1) or (2).’’. 
VerDate Sep 11 2014 
20:59 Apr 13, 2015
Jkt 049200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H601.RH
H601
mstockstill on DSK4VPTVN1PROD with BILLS
VerDate Sep 11 2014 
20:59 Apr 13, 2015
Jkt 049200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H601.RH
H601
mstockstill on DSK4VPTVN1PROD with BILLS
Union Calendar No. 40 
114TH CONGRESS 
1ST SESSION 
H. R. 601 
[Report No. 114–59] 
A BILL 
To amend the Gramm-Leach-Bliley Act to provide 
an exception to the annual privacy notice require-
ment. 
APRIL 13, 2015 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
VerDate Sep 11 2014 
20:59 Apr 13, 2015
Jkt 049200
PO 00000
Frm 00006
Fmt 6651
Sfmt 6651
E:\BILLS\H601.RH
H601
mstockstill on DSK4VPTVN1PROD with BILLS