Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Regulation S-P: Privacy of Consumer Financial Information and Safeguarding Customer Information".
HJRES 185 is a congressional resolution seeking to block a Securities and Exchange Commission (SEC) rule about consumer financial data privacy. It targets the SEC's proposed update to "Regulation S-P," which would have required financial institutions to strengthen how they protect customer information and handle privacy notices. If passed, this resolution would prevent the SEC rule from taking effect by invoking the Congressional Review Act. The bill directly affects banks, credit unions, and other financial firms that would have had to comply with the new data privacy standards.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2024
Committee Review
Floor Vote
President
Introduced Jul 11, 2024
Last action Jul 11, 2024
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No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 11, 2024
Committee
Referred to the House Committee on Financial Services.
lower
Jul 11, 2024
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Gary J. Palmer
RRepublican
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