S.Amdt. 3638

1. Adds SEC. 4. EXCEPTION TO ANNUAL WRITTEN PRIVACY NOTICE REQUIREMENT UNDER THE GRAMM-LEACH-BLILEY ACT at the end of the bill

   Adds a section

   In S. 2569 · Placed on Calendar Senate

   (d) Effective Date.--The amendments made by this section shall apply to amounts paid or incurred after the date of the enactment of this Act.

   Inserted: SEC. 4. EXCEPTION TO ANNUAL WRITTEN PRIVACY NOTICE REQUIREMENT UNDER THE GRAMM-LEACH-BLILEY ACT.

   Inserted: Section 503 of the Gramm-Leach-Bliley Act (15 U.S.C. 6803) is amended by adding at the end the following:

   Inserted: "(f) Exception to Annual Written Notice Requirement.--A financial institution that--

   Inserted: "(1) provides nonpublic personal information in accordance with the provisions of subsection (b)(2) or (e) of section 502 or regulations prescribed under section 504(b);

   Inserted: "(2) has not changed its policies and practices with respect to disclosing nonpublic personal information from the policies and practices that were disclosed in the most recent disclosure sent to consumers in accordance with this section; and

   Inserted: "(3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by regulations prescribed under section 504, shall not be required to provide an annual written disclosure under this section, until such time as the financial institution fails to comply with paragraph (1), (2), or (3).".

   Original wording

   At the end of the bill, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed