HR 3911
To amend the Gramm-Leach-Bliley Act to establish procedures for disclosures by financial institutions of nonpublic personal information, and for other purposes.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill updates the Gramm-Leach-Bliley Act to strengthen how financial institutions handle data breaches. It requires institutions to quickly report breaches to the Consumer Financial Protection Bureau (CFPB) within 72 hours, providing details about the incident and potential impact. If the CFPB determines a breach poses a significant risk to consumers, it can require the institution to notify affected individuals about the breach and the steps taken to address it.
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