Data Security Act of 2014
Latest action · Feb 3, 2014 Committee on Banking, Housing, and Urban Affairs Subcommittee on National Security and International Trade and Finance. Hearings held.
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.
- IntroducedJan 15, 2014
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Data Security Act of 2014 - Prescribes security procedures which an entity that maintains or communicates sensitive account or personal information must implement and enforce in order to protect the information from an unauthorized use likely to result in substantial harm or inconvenience to the consumer.
Grants exclusive enforcement powers to specified federal regulatory agencies with oversight of financial institutions.
Denies a private right of action, including a class action, regarding any act or practice regulated under this Act.
Prohibits any civil or criminal action in state court or under state law relating to any act or practice governed under this Act.
Prescribes data security standards to be implemented by federal agencies.
Preempts state law with respect to the responsibilities of any person to protect against and investigate such data security breaches and mitigate any losses or harm resulting from them.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jan 15, 2014.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MO | Roy Blunt | Original | Jan 15, 2014 |
Actions 3
Everything that happened, newest first.
- Feb 3, 2014Committee on Banking, Housing, and Urban Affairs Subcommittee on National Security and International Trade and Finance. Hearings held.
- Jan 15, 2014Introduced in Senate
- Jan 15, 2014Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative law and regulatory procedures
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Commodity Futures Trading Commission
- Computer security and identity theft
- Consumer credit
- Department of the Treasury
- Federal Deposit Insurance Corporation (FDIC)
- Federal preemption
- Federal Reserve System
- Federal Trade Commission (FTC)
- Finance and Financial Sector
- Government information and archives
- Health information and medical records
- Insurance industry and regulation
- National Credit Union Administration
- Right of privacy
- Securities and Exchange Commission (SEC)
Text 1
Each version as it was printed, newest first.
- Jan 15, 2014Introduced in Senate
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.