H. Rept. 115-1097 1 (2018-12-21)

handle is hein.congrecreports/crptxaccf0001 and id is 1 raw text is: AUT-ENTICATED

                     115TH CONGRESS                                          REPORT
                        2d Session     HOUSE   OF  REPRESENTATIVES          115-1097


                     DECEMBER 21, 2018.-Committed to the Committee of the Whole House on the State
                                       of the Union and ordered to be printed

                        Mr.  HENSARLING,  from  the Committee   on Financial Services,
                                           submitted  the following


                                                together with

                                             MINORITY VIEWS

                                             [To accompany H.R. 6743]

                               [Including cost estimate of the Congressional Budget Office]

                       The  Committee  on  Financial Services, to whom  was  referred the
                     bill (H.R. 6743) to amend  the  Gramm-Leach-Bliley Act to provide
                     a national  standard   for financial institution data  security  and
                     breach notification on behalf  of all consumers, and  for other pur-
                     poses, having  considered the  same, report  favorably thereon  with
                     an amendment and recommend that the bill as amended do pass.
                       The amendment is   as follows:
                       Strike all after the enacting clause and insert the following:
                     SECTION 1. SHORT TITLE.
                     This  Act may be cited as the Consumer Information Notification Requirement
                     Section 501 of the Gramm-Leach-Biley Act (15 U.S.C. 6801) is amended-
                          (1) in subsection (b)(3) by striking the period at the end and inserting , in-
                        cluding through the provision of a breach notice in the event of unauthorized
                        access that is reasonably likely to result in identity theft, fraud, or economic
                        loss.; and
                          (2) by adding at the end the following:
                      (c) STANDARDS WITH RESPECT TO BREACH  NOTIFICATION.-Subject to section
                      504(a)(2) and sections 505(b) and 505(c), within 6 months after the date of enact-
                      ment of this subsection, each agency or authority required to establish standards
                      described under subsection (b)(3) with respect to the provision of a breach notice
                      shall ensure that such standards are in compliance with subsection (b).

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