H.R. 6743 · 115th Congress

Consumer Information Notification Requirement Act

Stage
Reported from committee
Introduced
2018-09-07
Latest action
2018-12-21 · Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1097.

Summary

Consumer Information Notification Requirement Act

This bill amends the Gramm-Leach-Bliley Act to require federal financial regulators to set forth rules regarding data breaches. Specifically, these rules must require financial institutions, banks, and specified others to notify customers of breaches likely to result in identity theft, fraud, or economic loss. The bill also requires state insurance authorities to establish and enforce similar standards for insurers.