CFPB Data Collection Security Act
Latest action · Jun 11, 2014 Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27.
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.
- IntroducedMay 7, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
CFPB Data Collection Security Act - Amends the Consumer Financial Protection Act of 2010 to direct the Consumer Financial Protection Bureau (CFPB) to: (1) establish an opt-out list of consumers who have notified the CFPB that they do not wish to allow it to collect personally identifiable information about them, and (2) give consumers a method of adding and removing their names from the opt-out list via telephone or the CFPB website.
Prohibits the CFPB from collecting: (1) personally identifiable information about a consumer listed on the opt-out list (except in the case of consumer complaints), or (2) any data or performing any market monitoring unless it has a Senate-confirmed Director.
Prescribes time limitations for the holding of data by the CFPB.
Directs the CFPB, if it experiences a data breach that exposes personally identifiable information about a consumer, to give that consumer one year of free credit monitoring. Requires the CFPB to notify consumers publicly of such a breach on the front page of its website.
Prohibits CFPB employees from accessing personally identifiable information collected by the CFPB unless they hold a "confidential" security clearance.
Cosponsors 13
Members who signed on, in the order they did. Signatures ran from May 7, 2014 to May 20, 2014, with 6 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Bill Posey | Original | May 7, 2014 |
| R-MO | Billy Long | Original | May 7, 2014 |
| R-MO | Blaine Luetkemeyer | Original | May 7, 2014 |
| R-MI | Kerry L. Bentivolio | Original | May 7, 2014 |
| R-MN | Michele Bachmann | Original | May 7, 2014 |
| R-WI | Sean P. Duffy | Original | May 7, 2014 |
| R-SC | Jeff Duncan | May 8, 2014 | |
| R-AZ | Paul A. Gosar | May 8, 2014 | |
| R-IN | Todd Rokita | May 8, 2014 | |
| R-GA | Tom Price | May 8, 2014 | |
| R-MO | Ann Wagner | May 19, 2014 | |
| R-TN | Diane Black | May 19, 2014 | |
| R-NM | Stevan Pearce | May 20, 2014 |
Actions 5
Everything that happened, newest first.
- Jun 11, 2014Committee Consideration and Mark-up Session Held.
- Jun 11, 2014Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27.
- May 21, 2014Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
- May 7, 2014Introduced in House
- May 7, 2014Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Government Operations and Politics.
- Bank accounts, deposits, capital
- Business records
- Computer security and identity theft
- Congressional oversight
- Consumer affairs
- Consumer credit
- Consumer Financial Protection Bureau
- Federal officials
- Financial services and investments
- Government employee pay, benefits, personnel management
- Government information and archives
- Government Operations and Politics
- Right of privacy
Text 1
Each version as it was printed, newest first.
- May 7, 2014Introduced 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.