S.Amdt. 3942Senate111th Congress (2009-2011)2nd degree

S.Amdt. 3942

Sponsored by Jack ReedSen. Jack Reed (D-RI)
Submitted May 11, 2010

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Senate amendment submitted

May 11, 2010

Text

Submitted

SA 3942. Mr. REED submitted an amendment intended to be proposed to
amendment SA 3739 proposed by Mr. Reid (for Mr. Dodd (for himself and
Mrs. Lincoln)) to the bill S. 3217, to promote the financial stability
of the United States by improving accountability and transparency in
the financial system, to end ``too big to fail'', to protect the
American taxpayer by ending bailouts, to protect consumers from abusive
financial services practices, and for other purposes; which was ordered
to lie on the table; as follows:

On page 74, between lines 2 and 3, insert the following:
(D) Prohibition on collection of nonpublic personal
information.--Notwithstanding any other provision of law, the
Council and the Office of Financial Research may not require
the submission of nonpublic personal information (as that
term is defined in section 509 of the Gramm-Leach-Bliley Act
(12 U.S.C. 6809)) of any customer by any financial company or
in any other manner.
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