US Congress House Bill 653 (Prior Session Legislation)

---

Sponsorship: Partisan Bill (Democrat 9)
Status: Introduced on February 11 2011 - 25% progression, died in committee
Action: 2011-03-23 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Pending: House Subcommittee on Financial Institutions and Consumer Credit Committee
Text: Latest bill text (Introduced) [PDF]

Financial Information Privacy Act of 2011 - Amends the Gramm-Leach-Bliley Act to require a financial institution, as a prerequisite to providing disclosures of a consumer's personal information to nonaffiliated third parties, to obtain the consumer's consent on an express consent form. Prohibits a financial institution, except in certain circumstances, from discriminating against a consumer or denying an otherwise qualified consumer a financial product or service, or from offering a financial product or service on less favorable terms and conditions, because the consumer has not provided the express consent. Prescribes the obligations of a financial institution regarding disclosure of a consumer's personal information to affiliates. Directs the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection to develop a model disclosure form, meeting specified requirements, for financial institutions to use when seeking a consumer's consent to disclose nonpublic personal information.

Financial Information Privacy Act of 2011

Rep. Jackie Speier [D-CA]	Rep. Bob Filner [D-CA]	Rep. John Garamendi [D-CA]	Rep. Raul Grijalva [D-AZ]
Rep. Alcee Hastings [D-FL]	Rep. Brad Miller [D-NC]	Rep. Eleanor Norton [D-DC]	Rep. David Price [D-NC]
Rep. Janice Schakowsky [D-IL]

Date	Chamber	Action
2011-03-23	House	Referred to the Subcommittee on Financial Institutions and Consumer Credit.
2011-02-11	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/653/all-info
Text	https://www.congress.gov/112/bills/hr653/BILLS-112hr653ih.pdf