|
2000 Enacted Financial Privacy Legislation
April 18, 2001
California
S.B. 129
Chaptered by secretary of state 9/30/00, Chapter 984
http://www.leginfo.ca.gov/pub/99-00/bill/sen/sb_0101-0150/sb_129_bill_20000930_chaptered.html
Establishes within the Department of Consumer Affairs the Office of Privacy Protection, the purpose of which would be to protect the privacy of individuals' personal information by identifying consumer problems and facilitating development of fair information practices, as specified. Requires the Office to inform the public of potential options for protecting the privacy of, and avoiding the misuse of, personal information, as specified, and to make recommendations to organizations for privacy policies, as specified, among other things. Requires each state department or state agency to designate a position therein, the duties of which would include, but not be limited to, responsibility for the privacy policy within the department or agency. Requires the director of the Department of Consumer Affairs, commencing in January 2003, to report to the Legislature on an annual basis, as specified.
Connecticut
S.B. 9
Signed by governor 5/26/00, Public Act 00-123
http://prdbasis.cga.state.ct.us/2000/act/pa/2000PA-00123-R00SB-00009-PA.htm
Specifies that the records of the Department of Banking that are confidential notwithstanding any federal or state law to the contrary and provide measures for protecting the confidentiality of such records, including the sealing of such records in court proceedings.
Illinois
H.B. 3838
Signed by governor 12/15/00 with amendatory veto, Act 91-0929
http://www.legis.state.il.us/publicacts/pubact91/acts/91-0929.html
Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, the Savings Bank Act, and the Illinois Credit Union Act to authorize disclosure of customer financial information to third parties if the financial institution believes that the customer is an elderly or disabled person who may be a victim of financial exploitation or other crime. Provides that financial institutions are immune from civil or criminal liability with respect to the disclosure of financial information concerning elderly or disabled persons.
Missouri
S.B. 896
Signed by governor 6/27/00
http://www.senate.state.mo.us/00info/billtext/TAT/SB896.htm
Authorizes financial institutions to offer through one or more subsidiaries any products and services which a national bank may offer through its financial subsidiaries, subject to the limitations that are applicable to national bank financial subsidiaries, and provided such bank or trust company meets the division of finance safety and soundness considerations. This subdivision is enacted to provide in part competitive equality with national banks' powers under the Gramm-Leach-Bliley Act of 1999, Public Law 106-102.
New Hampshire
S.B. 310
Signed by governor 6/1/00, Chapter 236
http://gencourt.state.nh.us/legislation/2000/SB0310.html
Allows New Hampshire state-chartered banks to engage in activities authorized pursuant to the federal Gramm-Leach-Bliley Act.
North Carolina
H.B. 1699
Signed by governor 7/14/00, Chapter 122
http://www.ncga.state.nc.us/html1999/bills/AllVersions/House/h1699vc.html
Equalizes resident and nonresident insurance broker license fees making North Carolina insurance producer licensing laws comply with the reciprocity requirements in the federal Gramm-Leach-Bliley Act, Public Law 106-102.
Utah
S.B. 41
Signed by governor 3/16/00, Session Law Chapter 297
http://www.le.state.ut.us/~2000/bills/sbillenr/SB0041.htm
Amends agencies exempted from certain requirements related to examination of financial records.
Vermont
H.B. 374
Signed by governor
http://www.leg.state.vt.us/docs/2000/acts/ACT153.HTM
Updates Vermont's banking laws and requires the Department of Banking, Insurance, Securities, and Health Care Administration and the office of the attorney general to study the impact of the Gramm-Leach-Bliley Financial Modernization Act of 1999 (P.L. 106-102) on consumer financial privacy issues and make recommendations to the legislature by January 5, 2001 on the following issues: (1) whether, and to what extent, entities engaged in financial activities should be included within chapter 200, subchapter 2 of Title 8, relating to financial privacy; (2) under what circumstances a consumer's consent should be required before information can be shared with third parties; and (3) how to protect the privacy of customers of financial institutions without unduly inhibiting the free flow of commerce or legitimate law enforcement activities.
|
