S.1434 - Data Security Act of 2011

A bill to protect information relating to consumers, to require notice of security breaches, and for other purposes. view all titles (2)

All Bill Titles

  • Official: A bill to protect information relating to consumers, to require notice of security breaches, and for other purposes. as introduced.
  • Short: Data Security Act of 2011 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
07/28/11
 
 
 
 
 
 
 

Official Summary

Data Security Act of 2011 - Prescribes security procedures which an entity that maintains or communicates sensitive account or personal information must implement and enforce in order to protect the information from an unauthorized use likely to result in substantial harm or inconvenience t

Official Summary

Data Security Act of 2011 - Prescribes security procedures which an entity that maintains or communicates sensitive account or personal information must implement and enforce in order to protect the information from an unauthorized use likely to result in substantial harm or inconvenience to the consumer. Grants exclusive enforcement powers to specified federal regulatory agencies with oversight of financial institutions. Denies a private right of action, including a class action, regarding any act or practice regulated under this Act. Prohibits any civil or criminal action in state court or under state law relating to any act or practice governed under this Act. Prescribes data security standards to be implemented by federal agencies. Preempts state law with respect to the responsibilities of any person to protect against and investigate such data security breaches and mitigate any losses or harm resulting from them.

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