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senate Bill S. 423

Privacy Notice Modernization Act of 2015

Bill Details

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Privacy Notice Modernization Act of 2015

Official Title

A bill to amend the Gramm-Leach-Bliley Act to provide an exception to the annual written privacy notice requirement.


Privacy Notice Modernization Act of 2015 Amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations.

bill Progress

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      senate Committees
      Committee on Banking, Housing, and Urban Affairs
    IntroducedFebruary 10th, 2015

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