We don’t have a summary available yet.
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Sep 7, 2018.
Consumer Information Notification Requirement Act
This bill amends the Gramm-Leach-Bliley Act to require federal financial regulators to set forth rules regarding data breaches. Specifically, these rules must require financial institutions, banks, and specified others to notify customers of breaches likely to result in identity theft, fraud, or economic loss. The bill also requires state insurance authorities to establish and enforce similar standards for insurers.