Homeowner Information Privacy Protection Act
The source supplies the latest action, but no lifecycle stage.
Latest action (27 Apr 2017): Referred to the House Committee on Financial Services.
What this bill does
This bill, H.R. 2204, would require the Government Accountability Office (GAO) to study privacy concerns related to personal information collected from mortgage applicants and borrowers under the Home Mortgage Disclosure Act. The study would assess whether this data, when combined with other public sources, could lead to identity theft, exposure of sensitive financial information, or predatory marketing practices.
The bill also proposes to temporarily suspend certain data sharing and reporting requirements under the Act. Specifically, it would postpone the effective date for new reporting requirements in a final rule to January 1, 2019, and prevent financial institutions from releasing data beyond what was required before the Dodd-Frank Act was enacted. The GAO would report its findings and recommendations to Congress.
This legislation was introduced in the House of Representatives and has not advanced beyond that stage. It is a proposal that, if enacted, would impact how mortgage information is collected, reported, and protected.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Homeowner Information Privacy Protection Act
This bill requires the Government Accountability Office to study specified privacy issues related to the collection of certain personal information, as required by regulation, from mortgage applicants and borrowers under the Home Mortgage Disclosure Act of 1975.
The bill suspends specified regulatory requirements related to data sharing and reporting under the Act.
Timeline
27 Apr 2017
Referred to the House Committee on Financial Services.
Common questions
- What does H.R. 2204 do?
- This bill, H.R. 2204, would require the Government Accountability Office (GAO) to study privacy concerns related to personal information collected from mortgage applicants and borrowers under the Home Mortgage Disclosure Act. The study would assess whether this data, when combined with other public sources, could lead to identity theft, exposure of sensitive financial information, or predatory marketing practices. The bill also proposes to temporarily suspend certain data sharing and reporting requirements under the Act. Specifically, it would postpone the effective date for new reporting requirements in a final rule to January 1, 2019, and prevent financial institutions from releasing data beyond what was required before the Dodd-Frank Act was enacted. The GAO would report its findings and recommendations to Congress. This legislation was introduced in the House of Representatives and has not advanced beyond that stage. It is a proposal that, if enacted, would impact how mortgage information is collected, reported, and protected.
- Has H.R. 2204 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 2204. Check the latest action and official source below.
- Who sponsored H.R. 2204?
- H.R. 2204 was sponsored by Rep. Hultgren, Randy [R-IL-14] (R-IL), with 1 cosponsor.
- What's the latest action on H.R. 2204?
- Referred to the House Committee on Financial Services. (27 Apr 2017).
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