Consumer Right to Financial Privacy Act of 2013
Latest action · Feb 6, 2014 Placed on the Union Calendar, Calendar No. 254.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 28, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Consumer Right to Financial Privacy Act of 2013 - (Sec. 1) Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to revise the prohibition against the Consumer Financial Protection Bureau (CFPB)'s obtaining, from a covered person or service provider, any personally identifiable financial information about a consumer.
(Sec. 2) Prohibits the CFPB, in addition, from requesting, accessing, collecting, using, retaining, or disclosing nonpublic personal information about a consumer unless: (1) the CFPB 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 (2) the consumer informs the CFPB, before such information is requested, obtained, accessed, collected, used, retained, or disclosed, that such information may be requested, obtained, accessed, collected, used, retained, or disclosed.
Subjects to the same restrictions and conditions any person directed or engaged by the CFPB to collect such information on its behalf.
(Sec. 3) Amends the Right to Financial Privacy Act of 1978 to repeal the exemption from its application for CFPB examination or disclosure of financial records or information in the exercise of CFPB authority with respect to a financial institution (thus applying the Act to CFPB examinations and disclosures).
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Jul 8, 2013 to Jul 22, 2013.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MI | Bill Huizenga | Jul 8, 2013 | |
| R-OH | James B. Renacci | Jul 8, 2013 | |
| R-GA | Lynn A. Westmoreland | Jul 9, 2013 | |
| R-SC | Mick Mulvaney | Jul 9, 2013 | |
| R-AR | Tom Cotton | Jul 9, 2013 | |
| R-IN | Marlin A. Stutzman | Jul 16, 2013 | |
| R-IA | Tom Latham | Jul 22, 2013 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jun 28, 2013Markup Nov 21, 2013Reported Feb 6, 2014 |
| Consumer Protection and Financial Institutions Subcommittee | Hearings Oct 29, 2013 |
Actions 7
Everything that happened, newest first.
- Feb 6, 2014Reported by the Committee on Financial Services. H. Rept. 113-344.
- Feb 6, 2014Placed on the Union Calendar, Calendar No. 254.
- Nov 21, 2013Committee Consideration and Mark-up Session Held.
- Nov 21, 2013Ordered to be Reported by the Yeas and Nays: 32 - 25.
- Oct 29, 2013Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
- Jun 28, 2013Introduced in House
- Jun 28, 2013Referred to the House Committee on Financial Services.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Lists H4176H.R. 2571–2608 | — | Jun 28, 2013 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Feb 6, 2014H.R. 2571, Consumer Right to Financial Privacy Act of 2013As ordered reported by the House Committee on Financial Services on November 21, 2013
Constitutional authority
The sponsor’s statement, as printed in the page H4176.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R43837 | An Overview of Selected Legislation in the 113th Congress Related to the Consumer Financial Protection Bureau (CFPB) Archived | Report | Dec 29, 2014 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- 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.
- Short Titles as Introduced
- Consumer Right to Financial Privacy Act of 2013
- Short Titles as Reported to House
- Consumer Right to Financial Privacy Act of 2013
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Feb 6, 2014Reported in House
- Jun 28, 2013Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
