S 423 · 114th Congress 2015–2017, ended

Privacy Notice Modernization Act of 2015

Introduced Feb 10, 2015 Originated Senate Sponsor Jerry Moran R-KS

Fact sheet Spreadsheet

Latest action · Feb 12, 2015 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-8.

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.

  1. IntroducedFeb 10, 2015
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Privacy Notice Modernization Act of 2015

Amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations.

Cosponsors 50

Members who signed on, in the order they did. Signatures ran from Feb 10, 2015 to Sep 22, 2015; 12 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
R-TNBob CorkerOriginalFeb 10, 2015
R-NVDean HellerOriginalFeb 10, 2015
D-MAElizabeth WarrenOriginalFeb 10, 2015
D-NDHeidi HeitkampOriginalFeb 10, 2015
D-ORJeff MerkleyOriginalFeb 10, 2015
D-MTJon TesterOriginalFeb 10, 2015
R-ILMark KirkOriginalFeb 10, 2015
D-VAMark R. WarnerOriginalFeb 10, 2015
R-IDMike CrapoOriginalFeb 10, 2015
R-PAPatrick J. ToomeyOriginalFeb 10, 2015
R-SCTim ScottOriginalFeb 10, 2015
R-ARTom CottonOriginalFeb 10, 2015
D-MNAl FrankenFeb 11, 2015
I-MEAngus S. King Jr.Feb 11, 2015
R-NDJohn HoevenFeb 11, 2015
R-SDMike RoundsFeb 11, 2015
D-FLBill NelsonFeb 23, 2015
R-NHKelly AyotteFeb 23, 2015
R-FLMarco RubioFeb 23, 2015
R-OHRob PortmanFeb 23, 2015
R-MORoy BluntFeb 23, 2015
R-ARJohn BoozmanMar 4, 2015
R-MESusan M. CollinsMar 4, 2015
R-WYJohn BarrassoMar 9, 2015
D-CTChristopher MurphyMar 10, 2015
R-SDJohn ThuneMar 11, 2015
R-TNLamar AlexanderMar 12, 2015
R-WIRon JohnsonMar 12, 2015
R-OKJames M. InhofeMar 17, 2015
R-KYRand PaulMar 17, 2015
R-IAChuck GrassleyMar 18, 2015
R-WYMichael B. EnziMar 18, 2015
R-INDaniel CoatsMar 19, 2015
R-AZJeff FlakeMar 19, 2015
R-WVShelley Moore CapitoMar 19, 2015
R-GAJohnny IsaksonMar 25, 2015
R-KSPat RobertsMar 25, 2015
R-MTSteve DainesApr 14, 2015
R-GADavid PerdueApr 20, 2015
R-IDJames E. RischApr 20, 2015
R-AKLisa MurkowskiApr 20, 2015
D-ILRichard J. DurbinApr 20, 2015
R-TXTed CruzApr 20, 2015
D-MNAmy KlobucharApr 29, 2015
R-COCory GardnerApr 29, 2015
R-AKDan SullivanMay 5, 2015
R-AZJohn McCainMay 11, 2015
D-VATim KaineMay 21, 2015
D-DEChristopher A. CoonsJun 15, 2015
D-NHJeanne ShaheenSep 22, 2015

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
SenateBanking, Housing, and Urban Affairs Committee
Referred Feb 10, 2015Hearings Feb 12, 2015

Actions 3

Everything that happened, newest first.

  1. Feb 12, 2015Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-8.
  2. Feb 10, 2015Introduced in Senate
  3. Feb 10, 2015Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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.

Printed hearings 3

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

NumberHearingCommitteeHeld
S. Hrg. 114-133THE STATE OF RURAL BANKING: CHALLENGES AND CONSEQUENCES81 pagesBanking, Housing, and Urban Affairs CommitteeOct 28, 2015
S. Hrg. 114-616HOW THE HIDDEN COSTS OF FEDERAL. REGULATIONS IMPACT SMALL BUSINESSES. AND ECONOMIC GROWTH47 pagesSmall Business and Entrepreneurship CommitteeMar 30, 2015
S. Hrg. 114-8REGULATORY RELIEF FOR COMMUNITY BANKS AND CREDIT UNIONS171 pagesBanking, Housing, and Urban Affairs CommitteeFeb 12, 2015

Related bills 4

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 601Eliminate Privacy Notice Confusion ActRelated billApr 14, 2015
HR 1233CLEARR Act of 2015Related billMar 4, 2015
S 1910Financial Services and General Government Appropriations Act, 2016Related billJul 30, 2015
S 2132An Act Making Appropriations to Stop Regulatory Excess and for Other Purposes, 2016Related billOct 6, 2015

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
A bill to amend the Gramm-Leach-Bliley Act to provide an exception to the annual written privacy notice requirement.
Short Titles as Introduced
Privacy Notice Modernization Act of 2015

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Feb 10, 2015Introduced in Senate

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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.