S 2513 IS

106th CONGRESS

2d Session

S. 2513

To strengthen control by consumers over the use and disclosure of their personal financial and health information by financial institutions, and for other purposes.

IN THE SENATE OF THE UNITED STATES

May 4, 2000

Mr. LEAHY (for himself, Mr. SARBANES, Mr. ROBB, Mr. DODD, Mr. KERRY, Mr. BRYAN, Mr. EDWARDS, Mr. DURBIN, Mr. HARKIN, and Mrs. FEINSTEIN) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs


A BILL

To strengthen control by consumers over the use and disclosure of their personal financial and health information by financial institutions, and for other purposes.

SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.

SEC. 2. OPT-OUT REQUIREMENT FOR DISCLOSURE TO AFFILIATES AND NONAFFILIATED THIRD PARTIES.

SEC. 3. RESTRICTING THE TRANSFER OF INFORMATION ABOUT PERSONAL SPENDING HABITS.

SEC. 4. RESTRICTING THE USE OF HEALTH INFORMATION IN MAKING CREDIT AND OTHER FINANCIAL DECISIONS.

`SEC. 511. RELATION TO STANDARDS ESTABLISHED UNDER THE HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT OF 1996.

SEC. 5. LIMITS ON REDISCLOSURE AND REUSE OF INFORMATION.

SEC. 6. CONSUMER RIGHTS TO ACCESS AND CORRECT INFORMATION.

`SEC. 512. ACCESS TO AND CORRECTION OF INFORMATION.

SEC. 7. IMPROVED ENFORCEMENT AUTHORITY.

such notice immediately upon instituting such action. The Attorney General and the Federal Trade Commission shall have the right--

SEC. 8. ENHANCED DISCLOSURE OF PRIVACY POLICIES.

SEC. 9. LIMIT ON DISCLOSURE OF ACCOUNT NUMBERS.

SEC. 10. GENERAL EXCEPTIONS.

SEC. 11. DEFINITIONS.

`financial institution' and inserting `(3) FINANCIAL INSTITUTION- The term `financial institution'; and

SEC. 12. ISSUANCE OF IMPLEMENTING REGULATIONS.

SEC. 13. FTC RULEMAKING AUTHORITY UNDER THE FAIR CREDIT REPORTING ACT.

END