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Bill > S149


MA S149

MA S149
Relative to the security of personal financial information


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to the security of personal financial information. Consumer Protection and Professional Licensure.

AI Summary

This bill amends Chapter 93H of Massachusetts law to strengthen the security of personal financial information. It defines key terms such as "access device," "breach of security," and "personal information." The bill prohibits the retention of certain sensitive data like card security codes and PIN verification codes after a transaction is authorized. It also requires entities that experience a security breach to reimburse financial institutions for the costs of protecting affected customers and reissuing access devices. The bill provides an exemption for entities that comply with federal data security laws and regulations. The Attorney General is granted authority to enforce the law through Chapter 93A.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Accompanied a study order, see S2552 (on 06/14/2018)

bill text


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