Guidelines for Use, Access, and Responsible Disclosure of Financial...
To make improvements to title V of the Gramm-Leach-Bliley Act, and for other purposes.
This bill, HB8398, aims to update and improve the guidelines for how financial data is used, accessed, and disclosed. It seeks to enhance the current rules outlined in title V of the Gramm-Leach-Bliley Act, which governs the protection of consumers' financial information.
If passed, this bill would affect financial institutions and organizations that handle consumer data. It would establish clearer rules to ensure that financial data is used responsibly, accessed securely, and disclosed appropriately. This could lead to stronger protections for consumers' financial information.
HB8398 was introduced on April 21, 2026, and has been referred to the House Committee on Financial Services for further review. This is the first step in the legislative process, and the bill will need to go through several stages of review, debate, and potential amendments before it could become law.
