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S. 1195 106th Congress Senate

Financial Information Protection Act of 1999

Official title: A bill to give customers notice and choice about how their financial institutions share or sell their personally identifiable sensitive financial information, and for other purposes.

Introduced: June 9, 1999 Introduced by: Charles E. Schumer Democratic · New York See on congress.gov
Finance and Financial Sector Administrative procedureBank accountsBank recordsCertificates of deposit
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Civil Rights and Liberties, Minority IssuesCommerceConsumer educationDepartment of the TreasuryFederal Deposit Insurance CorporationFederal Reserve SystemGovernment Operations and PoliticsGovernment corporationsGovernment paperworkIndependent regulatory commissionsInsuranceLawRight of privacySavings and loan associationsSecurities and Exchange CommissionSecurities regulation
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 9, 1999
Read twice and referred to the Committee on Banking.
Jun 9, 1999
Introduced in Senate
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 Latest action June 9, 1999

Read twice and referred to the Committee on Banking.

 Plain-English summary Congressional Research Service
Financial Information Protection Act of 1999 - Directs the Federal financial regulatory authorities (banking regulatory agencies and the Securities and Exchange Commission (SEC)) jointly to issue final rules to protect the privacy of confidential information relating to customers of persons under their respective jurisdictions (covered persons).

Mandates that such rules: (1) prohibit a covered person from disclosing or sharing confidential customer information with any affiliate or agent unless the customer has provided written or electronic consent; (2) require the covered person to disclose to the customer the specific type of information disclosed or shared, under what circumstances, to what specific types of businesses, and for what types of purposes; and (3) require customer access to information that could be disclosed so that it may be reviewed for accuracy and supplementation.

Cites circumstances under which such information may be released.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1195: Financial Information Protection Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-S-1195/
MLA
"S. 1195: Financial Information Protection Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-1195/.
Bluebook (legal)
S. 1195, 106th Cong. (2026), https://openamerica.io/bill/106-S-1195/.
Markdown link
[S. 1195: Financial Information Protection Act of 1999](https://openamerica.io/bill/106-S-1195/)
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