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Senate Privacy Notice Bill Is Taking Form

A Senate version of legislation that would make significant improvements in privacy notices for consumers could be introduced in the near future, perhaps as early as this week, Credit Union National Association Senior Vice President for Legislative Affairs Ryan Donovan noted on Monday.

The bill is expected to be substantially similar to the Eliminate Privacy Notice Confusion Act (H.R. 749), which passed the U.S. House by voice vote last week. H.R. 749 would eliminate repetitive privacy notices by eliminating a requirement that the notices be sent annually. Under the terms of the bill, privacy notices would only to be sent when the privacy policy of a financial institution has changed.

A similar bill passed the House in late 2012, but the Senate did not vote on the bill before the last session of Congress ended. [read more]

> Note: Congressmen Robert Hurt (R-5th) and Jim Moran (D-8th) were among the co-sponsors of H.R. 749. Drop them a note and thank them for their support.  

Tags: Privacy Notice, Senate, Robert Hurt, Congress, H.R. 749, Jim Moran

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