[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1766 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 1766

 To make permanent the provisions of the Fair Credit Reporting Act and 
   amend the Gramm-Leach-Bliley Act to establish a national uniform 
              privacy standard for financial institutions.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 11, 2003

   Mr. Tiberi (for himself and Mr. Lucas of Kentucky) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
 To make permanent the provisions of the Fair Credit Reporting Act and 
   amend the Gramm-Leach-Bliley Act to establish a national uniform 
              privacy standard for financial institutions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``National Uniform Privacy Standards 
Act of 2003''.

SEC. 2. REPEAL OF STATE OVERRIDE OF PREEMPTION PROVISION IN THE FAIR 
              CREDIT REPORTING ACT.

    Section 624(d) of the Fair Credit Reporting Act (15 U.S.C. 
1681t(d)) is amended--
            (1) by striking ``Subsections (b) and (c)'' and all that 
        follows through ``do not affect any settlement,'' and inserting 
        ``Subsections (b) and (c) do not affect any settlement,''; and
            (2) by striking ``Consumer Credit Reporting Reform Act of 
        1996'' and all that follows through the period at the end of 
        paragraph (2) and inserting ``Consumer Credit Reporting Reform 
        Act of 1996.''.

SEC. 3. ESTABLISHMENT OF FEDERAL PRIVACY LAW PREEMPTION UNDER THE 
              GRAMM-LEACH-BLILEY ACT.

    Section 507 of the Gramm-Leach-Bliley Act (15 U.S.C. 6807) is 
amended to read as follows:

``SEC. 507. RELATION TO STATE LAWS.

    ``No requirement or prohibition may be imposed under the law of any 
State, or any political subdivision of any State, with respect to any 
subject matter regulated under or addressed by any provision of this 
subtitle.''.
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