Financial Information Privacy and Security Act
Latest action (16 Nov 1999): Introduced
What this bill does
Generate a neutral, plain-English explanation of what this bill does, who it affects and what happens next — grounded in the official text.
Official summary
Financial Information Privacy and Security Act - Directs the Federal financial regulatory authorities to jointly promulgate final rules to protect the privacy of confidential information relating to customers of financial institutions subject to the regulatory purview of the Federal banking agencies and the Securities and Exchange Commission.Permits an individual to bring a civil action, for punitive as well as compensatory or liquidated ($5,000) damages and attorneys fees, for violations of this Act.
Common questions
- What does S. 1924 do?
- Financial Information Privacy and Security Act - Directs the Federal financial regulatory authorities to jointly promulgate final rules to protect the privacy of confidential information relating to customers of financial institutions subject to the regulatory purview of the Federal banking agencies and the Securities and Exchange Commission.Permits an individual to bring a civil action, for punitive as well as compensatory or liquidated ($5,000) damages and attorneys fees, for violations of this Act.
- Has S. 1924 become law?
- Not yet. As of 16 Nov 1999, S. 1924 is introduced.
- Who sponsored S. 1924?
- S. 1924 was sponsored by Sen. Patrick Leahy [D-VT, 1975-2022] (Democrat-VT), with 7 cosponsors.
- What's the latest action on S. 1924?
- Introduced (16 Nov 1999).
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