To amend the Gramm-Leach-Bliley Act to provide an exception to the annual privacy notice requirement.
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.
Subcommittee Hearings Held.
Read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mrs. Capito moved to suspend the rules and pass the bill.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate on H.R. 5817.
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.
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)
Mrs. Capito moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H6723-6724)
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DEBATE - The House proceeded with forty minutes of debate on H.R. 5817.
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)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6723)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.