Illinois Senators Kirk and Durbin Support Redundant Privacy Notice Relief

June 10, 2014

Illinois Senators Mark Kirk (R) and Richard Durbin (D) are cosponsors of redundant privacy notice relief legislation. The addition of Senator Durbin brings the number of bipartisankirk durbin Senate cosponsors to 70.

The Privacy Notice Modernization Act of 2013 (S. 635) amends the Gramm-Leach-Bliley Act to exempt from the annual notice requirement financial institutions which: provide nonpublic personal information only in accordance with specified requirements, have not changed its privacy policy with respect to sharing nonpublic personal information, and provide customers access to the most recent privacy policy in methods permitted in the regulations.

The United States House of Representatives passed this legislation by voice vote on March 13, 2013. CBAI thanks all members of the House for voting in favor of this legislation and we especially thank Cheri Bustos (D-17), Tammy Duckworth (D-8), Bill Enyart (D-12), Bill Foster (D-11), Randy Hultgren (R-14), Dan Lipinski (D-3), and Aaron Schock (R-18) for cosponsoring this legislation.

CBAI urges the United States Senate to quickly pass S. 635.