H.R. 1165 · 118th Congress · Finance and Financial Sector
Data Privacy Act of 2023
- IntroducedFeb 24, 2023 Done
- CommitteeReported Dec 5, 2024 Done
- House floorDied Jan 3, 2025 Stopped here
- Senate floorNot yet Not reached yet
- Chambers agreeNot yet Not reached yet
- PresidentNot yet Not reached yet
What it does
This bill addresses the privacy and security of personal information held by financial institutions. The bill expands the application of current protections, it provides individuals with controls for limiting the collection of their information, and it establishes data privacy standards nationwide.
Currently, financial institutions must protect personal information and provide notice about privacy practices. The bill expands personal information protections that currently apply to customers (individuals who have a continuing relationship with a financial institution) to consumers (individuals who have a more limited relationship with a financial institution, such as those who apply for but do not receive a loan). The bill also expands notice requirements to apply to the collection of individual data.
Under the bill, financial institutions must (1) inform individuals for what purpose their data is collected and how the data will be used, and (2) give individuals the opportunity to opt out of data collection. An individual may also end the sharing of the individual's data with third parties, as well as demand the deletion of the individual's data.
The bill also prohibits states from establishing different privacy protections than those at the federal level. Under current law, states are allowed to establish stricter privacy protections.
Congressional Research Service · summary of “Introduced in House” version · Feb 24, 2023
Who lobbies on it
61 organizations · 496 filings · Q1 2023–Q4 2024One square per quarter since introduction, oldest left. Filled = named it that quarter.
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National Association of Realtors
8 of 8 quarters
“Privacy and Data Security Discussions with the House Financial Services and the House Commerce Committees on federal data privacy policies. H.R.1165 - Data Privacy Act H.R. 8818 - American Privacy Rights Act. Communications with the House of Representatives opposing the American Privacy Rights Act. Anti-Money…”
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Ncta - the Internet & Television Association
8 of 8 quarters
“-HR 43 - Rural Broadband Window of Opportunity Act - all provisions related to cable. -HR 675 - Secure Space Act of 2023 - all provisions related to cable. -HR 682 - Launch Communications Act - all provisions related to cable. -HR 742 - TELL Act - all provisions related to cable. -HR 820 - Foreign Adversary…”
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Securities Industry and Financial Markets Association (sifma)
8 of 8 quarters
“Issues related to privacy; H.R.1165, Data Privacy Act of 2023; H.R.8818, American Privacy Rights Act of 2024.”
58 more organizations, every filingPROUpgrade
Organizations that named H.R. 1165 in a quarterly lobbying report. Covers organizations with a PAC on file; reports from organizations without one aren’t loaded yet. Spend is the organization’s total across all issues: reports don’t split spending by bill. Source: Senate lobbying disclosures (LD-2) from lda.gov; quotes are word for word from the “specific lobbying issues” field.
Actions
6 actions · newest first- Dec 5, 2024Placed on the Union Calendar, Calendar No. 673.
- Dec 5, 2024Reported (Amended) by the Committee on Financial Services. H. Rept. 118-822.
- Feb 28, 2023Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 26 - 21.
- Feb 28, 2023Committee Consideration and Mark-up Session Held.
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- Feb 24, 2023Referred to the House Committee on Financial Services.
- Feb 24, 2023Introduced in House