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HR 653 112th Congress House Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Business records Consumer affairs Federal Reserve System Financial services and investments Government information and archives Right of privacy

Financial Information Privacy Act of 2011

Introduced: February 11, 2011 See on congress.gov
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 2011
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Feb 11, 2011
Referred to the House Committee on Financial Services.
Feb 11, 2011
Introduced in House
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 Plain-English summary Congressional Research Service

Financial Information Privacy Act of 2011 - Amends the Gramm-Leach-Bliley Act to require a financial institution, as a prerequisite to providing disclosures of a consumer's personal information to nonaffiliated third parties, to obtain the consumer's consent on an express consent form.

Prohibits a financial institution, except in certain circumstances, from discriminating against a consumer or denying an otherwise qualified consumer a financial product or service, or from offering a financial product or service on less favorable terms and conditions, because the consumer has not provided the express consent.

Prescribes the obligations of a financial institution regarding disclosure of a consumer's personal information to affiliates.

Directs the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection to develop a model disclosure form, meeting specified requirements, for financial institutions to use when seeking a consumer's consent to disclose nonpublic personal information.

What's happening now March 23, 2011

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 3
D
Norton, Eleanor Holmes
District of Columbia · Apr 14, 2011
Miller, Brad
· Apr 7, 2011
 D
Garamendi, John
California · Mar 17, 2011
 D
Schakowsky, Janice D.
Illinois · Mar 17, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 653: Financial Information Privacy Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-HR-653/
MLA
"H.R. 653: Financial Information Privacy Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-653/.
Bluebook (legal)
H.R. 653, 112th Cong. (2026), https://openamerica.io/bill/112-HR-653/.
Markdown link
[H.R. 653: Financial Information Privacy Act of 2011](https://openamerica.io/bill/112-HR-653/)
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