PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Banking.
Congressional Research Service
Version 00 · Introduced in Senate · Jun 9, 1999
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.
People & committees
Sen. Schumer, Charles E. [D-NY] · D–NY
Legislative record
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Read twice and referred to the Committee on Banking.
Introduced in Senate
Primary sources
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Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.
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Analyze S.1195 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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