Privacy Notification Technical Clarification Act

Bill: 115-hr-2396
Sponsor: Rep. Trott, David A. [R-MI-11]
Introduced: 2017-05-04 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: 2017-05-04
text: 

Privacy Notification Technical Clarification Act

 
This bill amends the Gramm-Leach-Bliley Act to exempt a financial institution, under specified circumstances, from the requirement to annually disclose its privacy policies to consumers. A financial institution shall be exempt from such requirement if: (1) the institution has not changed its privacy policies since its last disclosure, (2) the current policy is available on its website and via mail, and (3) notice is provided to customers regarding availability of the institution's privacy policies.

action_date: 2017-12-04
text: 

Privacy Notification Technical Clarification Act

 
This bill amends the Gramm-Leach-Bliley Act to exempt a financial institution, under specified circumstances, from the requirement to annually disclose its privacy policies to consumers. A financial institution shall be exempt from such requirement if: (1) the institution has not changed its privacy policies since its last disclosure, (2) the current policy is available on its website and via mail, and (3) notice is provided to customers regarding availability of the institution's privacy policies.

action_date: 2017-12-14
text: 

Privacy Notification Technical Clarification Act

 
(Sec. 2) This bill amends the Gramm-Leach-Bliley Act to exempt a vehicle financial company, under specified circumstances, from the requirement to annually disclose its privacy policies to consumers. A vehicle financial company shall be exempt from such requirement if: (1) the company has not changed its privacy policies since its last disclosure, (2) the current policy is available on its website and via mail, (3) notice is provided to customers regarding availability of the company's privacy policies, and (4) the company gives customers the ability to opt out of having personal information disclosed to third parties.


Legislative actions:
action_date: 2017-12-18
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2017-12-14
text: The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 2396.
action_date: 2017-12-14
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2017-12-14
text: On passage Passed by the Yeas and Nays: 275 - 146 (Roll no. 682).
action_date: 2017-12-14
text: Passed/agreed to in House: On passage Passed by the Yeas and Nays: 275 - 146 (Roll no. 682).
action_date: 2017-12-14
text: On motion to recommit with instructions Failed by the Yeas and Nays: 185 - 235 (Roll no. 681).
action_date: 2017-12-14
text: The previous question on the motion to recommit with instructions was ordered without objection.
action_date: 2017-12-14
text: DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to prohibit the vehicle financial company term from including a financial institution that is engaging or has engaged in a pattern or practice of unsafe or unsound banking practices and other violations related to consumer harm.
action_date: 2017-12-14
text: Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H9914)
action_date: 2017-12-14
text: DEBATE - Pursuant to the provisions of H.Res. 657, the House proceeded with 10 minutes of debate on the Clay No. 1.
action_date: 2017-12-14
text: DEBATE - The House proceeded with one hour of debate on H.R. 2396.
action_date: 2017-12-14
text: Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Rule provides for one hour of general debate for each bill. The amendment in the nature of a substitute printed in H.R. 2396 shall be considered as adopted. The rule also makes in order the amendment printed in the report. An amendment in the nature of a substitute to H.R. 4015 consisting of Rules Committee Print 115-46, shall be considered as adopted.
action_date: 2017-12-14
text: Considered under the provisions of rule H. Res. 657. (consideration: CR H9905-9916; text of amendment in the nature of a substitute: CR H9905)
action_date: 2017-12-12
text: Rules Committee Resolution H. Res. 657 Reported to House. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Rule provides for one hour of general debate for each bill. The amendment in the nature of a substitute printed in H.R. 2396 shall be considered as adopted. The rule also makes in order the amendment printed in the report. An amendment in the nature of a substitute to H.R. 4015 consisting of Rules Committee Print 115-46, shall be considered as adopted.
action_date: 2017-12-04
text: Placed on the Union Calendar, Calendar No. 321.
action_date: 2017-12-04
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 115-434.
action_date: 2017-12-04
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 115-434.
action_date: 2017-10-12
text: Ordered to be Reported (Amended) by the Yeas and Nays: 40 - 20.
action_date: 2017-10-12
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-10-11
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-07-12
text: Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
action_date: 2017-05-04
text: Referred to the House Committee on Financial Services.
action_date: 2017-05-04
text: Introduced in House
action_date: 2017-05-04
text: Introduced in House