US HR2396

Bill

Privacy Notification Technical Clarification Act

Introduced
05/04/2017

In Committee
10/12/2017

Crossed Over
12/18/2017

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Privacy Notification Technical Clarification Act (Sec. 2) This bill amends the Gramm-Leach-Bliley Act to exempt a vehicle financial company, under specified circumstances, from the requirement to annually disclose its privacy policies to consumers. A vehicle financial company shall be exempt from such requirement if: (1) the company has not changed its privacy policies since its last disclosure, (2) the current policy is available on its website and via mail, (3) notice is provided to customers regarding availability of the company's privacy policies, and (4) the company gives customers the ability to opt out of having personal information disclosed to third parties.

AI Summary

This bill amends the Gramm-Leach-Bliley Act to exempt a "vehicle financial company" from the requirement to annually disclose its privacy policies to consumers, under certain circumstances. A vehicle financial company is defined as a financial institution that regularly extends credit for vehicle purchases, is affiliated with a vehicle manufacturer, and only shares consumer information with non-affiliated vehicle dealers, or a financial institution that regularly extends credit for vehicle purchases or leases from dealers. The exemption applies if the company's privacy policies have not changed, the current policy is available on the company's website and by mail, the company notifies consumers of the policy's availability, and the company allows consumers to opt out of having their personal information disclosed to third parties.

Committee Categories

Business and Industry, Housing and Urban Affairs

Sponsors (8)

David Trott (R)*, Lacy Clay (D), Vicente Gonzalez (D), Blaine Luetkemeyer (R), Gregory Meeks (D), Luke Messer (R), Keith Rothfus (R), Brad Sherman (D),

Last Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 12/18/2017)

Official Document

https://www.congress.gov/bill/115th-congress/house-bill/2396/all-info

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/house-bill/2396/all-info
BillText	https://www.congress.gov/115/bills/hr2396/BILLS-115hr2396eh.pdf
Bill	https://www.congress.gov/115/bills/hr2396/BILLS-115hr2396eh.pdf.pdf
BillText	https://www.congress.gov/115/bills/hr2396/BILLS-115hr2396rh.pdf
Bill	https://www.congress.gov/115/bills/hr2396/BILLS-115hr2396rh.pdf.pdf
BillText	https://www.congress.gov/115/bills/hr2396/BILLS-115hr2396ih.pdf
Bill	https://www.congress.gov/115/bills/hr2396/BILLS-115hr2396ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR6147	Interior, Environment, Financial Services, and General Government Appropriations Act, 2019	Message on Senate action sent to the House.	Related
HRes657	Providing for consideration of the bill (H.B. 2396) to amend the Gramm-Leach-Bliley Act to update the exception for certain annual notices provided by financial institutions, and providing for consideration of the bill (H.B. 4015) to improve the quality of proxy advisory firms for the protection of investors and the U.S. economy, and in the public interest, by fostering accountability, transparency, responsiveness, and competition in the proxy advisory firm industry.	Motion to reconsider laid on the table Agreed to without objection.	Related
S3164	Privacy Notification Technical Clarification Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related

Bill > HR2396

US HR2396

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (8)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary