S.1216 - Identity Theft bill

A bill to require financial institutions and financial service providers to notify customers of the unauthorized use of personal financial information, and for other purposes. view all titles (4)

All Bill Titles

  • Popular: Identity Theft bill as .
  • Popular: Identity Theft bill.
  • Short: Financial Privacy Breach Notification Act of 2005 as introduced.
  • Official: A bill to require financial institutions and financial service providers to notify customers of the unauthorized use of personal financial information, and for other purposes. as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
06/09/05
 
 
 
 
 
 
 

Official Summary

Financial Privacy Breach Notification Act of 2005 - Amends the Gramm-Leach-Bliley Act to require a financial institution to promptly notify the following entities whenever a breach of personal information has occurred at such institution: (1) each customer affected by such breach; (2) certa

Official Summary

Financial Privacy Breach Notification Act of 2005 - Amends the Gramm-Leach-Bliley Act to require a financial institution to promptly notify the following entities whenever a breach of personal information has occurred at such institution:
(1) each customer affected by such breach;
(2) certain consumer reporting agencies; and
(3) appropriate law enforcement agencies. Requires any person that maintains personal information for or on behalf of a financial institution to promptly notify the institution of any case in which such customer information has been breached. Prescribes notification procedures. Authorizes a customer injured by a violation of this Act to institute a civil action to recover damages. Authorizes the Federal Trade Commission to enforce compliance with this Act, including the assessment of fines for violations.

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