[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1262 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 1262

To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act 
 to require the Bureau of Consumer Financial Protection to notify and 
 obtain permission from consumers before collecting nonpublic personal 
       information about such consumers, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 4, 2015

 Mr. Duffy (for himself, Mr. Neugebauer, and Mr. Barr) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act 
 to require the Bureau of Consumer Financial Protection to notify and 
 obtain permission from consumers before collecting nonpublic personal 
       information about such consumers, and for other purposes.

    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 ``Consumer Right to Financial Privacy 
Act of 2015''.

SEC. 2. REQUIREMENT OF THE BUREAU OF CONSUMER FINANCIAL PROTECTION TO 
              OBTAIN PERMISSION BEFORE COLLECTING NONPUBLIC PERSONAL 
              INFORMATION.

    (a) Required Notification and Permission.--Section 1022(c)(9)(A) of 
the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 
U.S.C. 5512(c)(9)(A)) is amended--
            (1) by striking ``may not obtain from a covered person or 
        service provider'' and inserting ``may not request, obtain, 
        access, collect, use, retain, or disclose'';
            (2) by striking ``personally identifiable financial'' and 
        inserting ``nonpublic personal''; and
            (3) by striking ``from the financial records'' and all that 
        follows through the period at the end and inserting ``unless--
                            ``(i) the Bureau clearly and conspicuously 
                        discloses to the consumer, in writing or in an 
                        electronic form, what information will be 
                        requested, obtained, accessed, collected, used, 
                        retained, or disclosed; and
                            ``(ii) before such information is 
                        requested, obtained, accessed, collected, used, 
                        retained, or disclosed, the consumer informs 
                        the Bureau that such information may be 
                        requested, obtained, accessed, collected, used, 
                        retained, or disclosed.''.
    (b) Application of Requirement to Contractors of the Bureau of 
Consumer Financial Protection.--Section 1022(c)(9)(B) of such Act (12 
U.S.C. 5512(c)(9)(B)) is amended to read as follows:
                    ``(B) Application of requirement to contractors of 
                the bureau of consumer financial protection.--
                Subparagraph (A) shall apply to any person directed or 
                engaged by the Bureau to collect information to the 
                extent such information is being collected on behalf of 
                the Bureau.''.
    (c) Definition of Nonpublic Personal Information.--Section 
1022(c)(9) of such Act (12 U.S.C. 5512(c)(9)) is amended by adding at 
the end the following:
                    ``(C) Definition of nonpublic personal 
                information.--In this paragraph, the term `nonpublic 
                personal information' has the meaning given the term in 
                section 509 of the Gramm-Leach-Bliley Act (15 U.S.C. 
                6809).''.

SEC. 3. REMOVAL OF EXEMPTION FOR THE BUREAU OF CONSUMER FINANCIAL 
              PROTECTION FROM THE RIGHT TO FINANCIAL PRIVACY ACT.

    Section 1113 of the Right to Financial Privacy Act of 1978 (12 
U.S.C. 3413) is amended by striking subsection (r).
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