HR 3506 · 111th Congress · Finance and Financial Sector
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 change their 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, and for other purposes.
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2010-04-15)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 3506, Eliminate Privacy Notice Confusion Act
Apr 14, 2010<p>Pay-as-you-go estimate for the bill as introduced and referred to the House Committee on Financial Services on July 31, 2009</p>
Full CBO report ↗H.R. 3506, Eliminate Privacy Notice Confusion Act
Apr 14, 2010Pay-as-you-go estimate for the bill as introduced and referred to the House Committee on Financial Services on July 31, 2009
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (6)
1 Democrat5 Republicans