S 1460 · 95th Congress · Right of privacy
Right to Financial Privacy Act
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1977-05-05)
Plain Language Summary
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Right to Financial Privacy Act - States that the purposes of this Act are to protect and preserve the confidential relationship between financial institutions and their customers and the constitutional rights of those customers, and to promote commerce by prescribing policies and procedures to insure against unwarranted disclosure of customer records. Prohibits any Federal agency or employee, or any State regulatory agency from obtaining copies of, access to, or information contained in, the financial records of any customer from a financial institution unless such records are described with particularity and: (1) such customer has authorized such disclosure in accordance with this Act; (2) such records are disclosed in response to an administrative subpena or summons; (3) such records are disclosed in response to a court order; or (4) such records are disclosed in response to a judicial subpena. Places the enforcement of compliance with the requirements of this Act with the appropriate supervisory agency utilizing its authority to exercise jurisdiction over financial institutions and credit card issuers. States that no financial institution may provide to a Federal agency or emplo…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Republicans