S.Amdt. 4082

SA 4082. Mr. DODD 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 1242, between lines 14 and 15, insert the
following:
(7) Consumer privacy.--
(A) In general.--The Bureau may not have access to, or
obtain copies of, any personally identifiable financial
information relating to a consumer contained in the financial
records of any covered person from a disclosure of such
information by the covered person to the Bureau, except--
(i) if the financial records are reasonably described in a
request by the Bureau and the consumer provides written
permission for the disclosure of such information by the
covered person to the Bureau; or
(ii) as may be specifically permitted or required under
other provisions of law, and in accordance with the Right to
Financial Privacy Act of 1978 (12 U.S.C. 3401 et seq.).
(B) Treatment of covered person.--With respect to the
application of any provision of the Right to Financial
Privacy Act of 1978 to a disclosure by a covered person
subject to this subsection, the covered person shall be
treated as if it were a ``financial institution'', as that
term is defined in section 1101 of that Act (12 U.S.C. 3401).
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