To amend the Gramm-Leach-Bliley Act to provide an exception from the continuing requirement for annual privacy notices for financial institutions which do not share personal information with affiliates, and for other purposes.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Mr. Moore (KS) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H2513-2514)
DEBATE - The House proceeded with forty minutes of debate on H.R. 3506.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H2513-2514)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2513-2514)
Motion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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