Eliminate Privacy Notice Confusion Act

Bill: 113-hr-749
Sponsor: full_name: Rep. Luetkemeyer, Blaine [R-MO-3]
Introduced: 2013-02-15
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Consumer affairs

Consumer credit

Right of privacy
Latest action: action_date: 2013-03-13
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2013-02-15
action_desc: Introduced in House
text: <p>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.</p>

action_date: 2013-03-12
action_desc: Passed House without amendment
text: <p><b>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</b></p> <p>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.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 749 IN THE HOUSE OF REPRESENTATIVES February 15, 2013 Mr. Luetkemeyer (for himself, Mr. Sherman , Mr. Huizenga of Michigan , Mr. Graves of Missouri , Mr. Meeks , Mr. Westmoreland , Mr. Hinojosa , Ms. Norton , Mr. Michaud , Mr. Renacci , Mr. Royce , Mr. Owens , Mr. Gosar , Mr. Peters of Michigan , Mrs. McCarthy of New York , Mr. Stivers , Mr. Hastings of Florida , Mr. Ben Ray Luján of New Mexico , and Mr. Wilson of South Carolina ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Gramm-Leach-Bliley Act to provide an exception to the annual privacy notice requirement.

1. Short title This Act may be cited as the Eliminate Privacy Notice Confusion Act . 2. Exception to annual privacy notice requirement 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 following: (f) Exception to annual notice requirement 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 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 annual disclosure under this section until such time as the financial institution fails to comply with any criteria described in paragraph (1) or (2). .

tv_txt: IIB 113th CONGRESS 1st Session H. R. 749 IN THE SENATE OF THE UNITED STATES March 13, 2013 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To amend the Gramm-Leach-Bliley Act to provide an exception to the annual privacy notice requirement.

1. Short title This Act may be cited as the Eliminate Privacy Notice Confusion Act . 2. Exception to annual privacy notice requirement 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 following: (f) Exception to annual notice requirement 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 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 annual disclosure under this section until such time as the financial institution fails to comply with any criteria described in paragraph (1) or (2). .

Passed the House of Representatives March 12, 2013. Karen L. Haas, Clerk

tv_txt: I 113th CONGRESS 1st Session H. R. 749 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Gramm-Leach-Bliley Act to provide an exception to the annual privacy notice requirement.

1. Short title This Act may be cited as the Eliminate Privacy Notice Confusion Act . 2. Exception to annual privacy notice requirement 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 following: (f) Exception to annual notice requirement 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 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 annual disclosure under this section until such time as the financial institution fails to comply with any criteria described in paragraph (1) or (2). .

Passed the House of Representatives March 12, 2013. Karen L. Haas, Clerk.