Eliminate Privacy Notice Confusion Act

Bill: 112-hr-5817
Sponsor: Rep. Luetkemeyer, Blaine [R-MO-9]
Introduced: 2012-05-17 in the House
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation
Consumer affairs
Consumer credit
Right of privacy

Summary:
action_date: 2012-05-17
text: 
Eliminate Privacy Notice Confusion Act - Amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) does not share information with affiliates under the Fair Credit Reporting Act, and (3) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. 
 
Relieves a financial institution from being required to provide any disclosure if it is licensed by a state and is either subject, or becomes subject in the future, to existing regulation of consumer confidentiality that prohibits disclosure of nonpublic personal information without knowing and express consent of the consumer in the form of laws, rules, or regulation of professional conduct or ethics promulgated either by the court of highest appellate authority or by the principal legislative body or regulatory entity of any state.

action_date: 2012-12-12
text: 
Eliminate Privacy Notice Confusion Act - Amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers.


Legislative actions:
action_date: 2012-12-13
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2012-12-12
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2012-12-12
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6723)
action_date: 2012-12-12
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6723)
action_date: 2012-12-12
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 5817.
action_date: 2012-12-12
text: Considered under suspension of the rules. (consideration: CR H6723-6724)
action_date: 2012-12-12
text: Mrs. Capito moved to suspend the rules and pass the bill, as amended.
action_date: 2012-12-05
text: ORDER OF PROCEDURE - Mrs. Capito asked unanimous consent to withdraw her motion to suspend the rules and pass H.R. 5817. Agreed to without objection. (consideration: CR H6656)
action_date: 2012-12-03
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2012-12-03
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 5817.
action_date: 2012-12-03
text: Considered under suspension of the rules.
action_date: 2012-12-03
text: Mrs. Capito moved to suspend the rules and pass the bill.
action_date: 2012-07-11
text: Referred to the Subcommittee on Financial Institutions and Consumer Credit.
action_date: 2012-05-17
text: Referred to the House Committee on Financial Services.
action_date: 2012-05-17
text: Introduced in House
action_date: 2012-05-17
text: Introduced in House