Right to Financial Privacy Act

Summary

Right to Financial Privacy Act - States that the purposes of this Act are to protect and preserve the confidential relationship between financial institutions and their customers and the constitutional rights of those customers, and to promote commerce by prescribing policies and procedures to insure that customers have the same right to protection against unwarranted disclosure of customer records as if the records were in their possession. Prohibits any Federal agency or employee, or any State or local government, from obtaining copies of, access to, or the information contained in, the financial records of any customer from a financial institution unless such records are described with particularity and: (1) such customer has authorized such disclosure in accordance with this Act; (2) such records are disclosed in response to an administrative subpena or summons; (3) such records are disclosed in response to a court order; or (4) such records are disclosed in response to a judicial subpena. States that no financial institution may provide to a Federal agency or employee, or to any State or local government, copies of or the information contained in the financial records of any customer except in accordance with the requirements of this Act. Sets forth provisions governing customer authorization, administrative subpenas and summons, and judicial subpenas. Prescribes civil and criminal penalties for violation of the provisions of this Title.

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Timeline

1. 28 September 1977

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 28 September 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 September 1977

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 28 September 1977

  Open at official source

Sponsors

• Rep. Cavanaugh, John J. [D-NE-2] · D · Sponsor
• Rep. Spellman, Gladys Noon [D-MD-5] · D · Cosponsor
• Rep. Brown, Garry E. [R-MI-3] · R · Cosponsor
• Chuck Grassley · R · Cosponsor
• Rep. Collins, Cardiss [D-IL-7] · D · Cosponsor
• Rep. Cornell, Robert J. [D-WI-8] · D · Cosponsor
• Rep. Carr, Bob [D-MI-6] · D · Cosponsor
• Rep. Glickman, Dan [D-KS-4] · D · Cosponsor
• RICHARD NOLAN · D · Cosponsor
• Rep. Bedell, Berkley W. [D-IA-6] · D · Cosponsor
• Sen. Mikulski, Barbara A. [D-MD] · D · Cosponsor
• · hsba00 · Standing

Related records

• related to → Right to Financial Privacy Act