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Privacy Notice Bill Reintroduced in House

House passed privacy notice reduction legislation in December but Senate never took it up.

By Heather Anderson | Updated on February 15, 2013

Rep. Blaine Luetkemeyer’s (R-Mo.) is re-introducing legislation Friday that would eliminate the current requirement that financial institutions mail annual privacy notices to all customers explaining information sharing practices, even the policies that have not changed, his office said.

Instead, the Eliminate Privacy Notice Confusion Act, co-sponsored by Rep. Brad Sherman (D-Calif.), would require banks and credit unions to provide the information only if privacy policies have changed.

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