3.0.0 653 2023-01-11T13:20:37Z 2023-01-11T13:20:37Z House H HR 2011-02-11 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. SPEIER:H.R. 653.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8: Congress shall have the power toregulate commerce among the states, and provide for thegeneral welfare.[Page H724]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2011-03-23T16:05:15Z Referred to 2011-02-11T14:01:10Z 2011-03-23 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2011-02-11 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-02-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-02-11 Introduced in House IntroReferral 1000 9 Library of Congress S001175 Rep. Speier, Jackie [D-CA-12] Jackie Speier D CA 12 N H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 2011-02-11 True F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2011-02-11 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2011-03-17 False G000559 Rep. Garamendi, John [D-CA-10] John Garamendi D CA 10 2011-03-17 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2011-03-30 False M001154 Rep. Miller, Brad [D-NC-13] Brad Miller D NC 13 2011-04-07 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2011-04-14 False P000523 Rep. Price, David E. [D-NC-4] DAVID PRICE D NC E. 4 2012-06-07 False Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Business records Consumer affairs Federal Reserve System Financial services and investments Government information and archives Right of privacy Finance and Financial Sector 00 2011-02-11 Introduced in House 2011-03-28T21:20:00Z 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 Display Title Financial Information Privacy Act of 2011 Official Title as Introduced To amend the Gramm-Leach-Bliley Act to improve regulations dealing with the disclosure by financial institutions of nonpublic personal information, and for other purposes. Introduced in House IH Short Titles as Introduced Financial Information Privacy Act of 2011 Introduced in House 2011-02-11T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr653ih/xml/BILLS-112hr653ih.xml 2011-03-23 Referred to the Subcommittee on Financial Institutions and Consumer Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.