[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 601 Engrossed in House (EH)]

114th CONGRESS
  1st Session
                                H. R. 601

_______________________________________________________________________

                                 AN ACT


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

    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 ``Eliminate Privacy Notice Confusion 
Act''.

SEC. 2. EXCEPTION TO ANNUAL PRIVACY NOTICE REQUIREMENT UNDER THE GRAMM-
              LEACH-BLILEY ACT.

    Section 503 of the Gramm-Leach-Bliley Act (15 U.S.C. 6803) is 
amended by adding at the end the following:
    ``(f) Exception to Annual Notice Requirement.--A financial 
institution that--
            ``(1) provides nonpublic personal information only in 
        accordance with the provisions of subsection (b)(2) or (e) of 
        section 502 or regulations prescribed under section 504(b), and
            ``(2) has not changed its policies and practices with 
        regard to disclosing nonpublic personal information from the 
        policies and practices that were disclosed in the most recent 
        disclosure sent to consumers in accordance with this section,
shall not be required to provide an annual disclosure under this 
section until such time as the financial institution fails to comply 
with any criteria described in paragraph (1) or (2).''.

            Passed the House of Representatives April 13, 2015.

            Attest:

                                                                 Clerk.
114th CONGRESS

  1st Session

                               H. R. 601

_______________________________________________________________________

                                 AN ACT

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