S.Amdt. 2052

SA 2052. Ms. STABENOW submitted an amendment intended to be proposed
by her to the bill S. 2155, to promote economic growth, provide
tailored regulatory relief, and enhance consumer protections, and for
other purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. REQUIREMENT TO INVESTIGATE SIGNIFICANT VIOLATIONS
AND DATA BREACHES.

In the case of a potential violation of laws or regulations
within its jurisdiction known to affect or reasonably
believed to affect at least 1,000,000 consumers, or a data
breach known to affect or reasonably believed to affect at
least 1,000,000 consumers, the Bureau of Consumer Financial
Protection shall investigate the incident and promptly submit
to Congress a report detailing why the Bureau of Consumer
Financial Protection did or did not assess fines and
penalties or take other corrective actions. Such report shall
be posted contemporaneously on the website of the Bureau of
Consumer Financial Protection at a location that is
conspicuous and available to the public.
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