CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Senate Bill No. 1022Introduced by Senator UmbergFebruary 14, 2020 An act to amend Section 4051 of the Financial Code, relating to privacy. LEGISLATIVE COUNSEL'S DIGESTSB 1022, as introduced, Umberg. Privacy.Existing law, the California Financial Information Privacy Act, prohibits a financial institution from disclosing or sharing a consumers nonpublic personal information with a nonaffiliated third party unless the financial institution has obtained consent from the consumer, as specified. The bill makes a statement of legislative intent with regard to the act.This bill would make nonsubstantive changes in the statement of intent regarding the California Financial Information Privacy Act.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 4051 of the Financial Code is amended to read:4051. (a) The Legislature intends for financial institutions to provide their consumers notice and meaningful choice choices about how those consumers nonpublic personal information is shared or sold by their financial institutions.(b) It is the intent of the Legislature in enacting the California Financial Information Privacy Act to afford persons greater privacy protections than those provided in Public Law 106-102, the federal Gramm-Leach-Bliley Act, and that this division be interpreted to be consistent with that purpose.
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Senate Bill No. 1022Introduced by Senator UmbergFebruary 14, 2020 An act to amend Section 4051 of the Financial Code, relating to privacy. LEGISLATIVE COUNSEL'S DIGESTSB 1022, as introduced, Umberg. Privacy.Existing law, the California Financial Information Privacy Act, prohibits a financial institution from disclosing or sharing a consumers nonpublic personal information with a nonaffiliated third party unless the financial institution has obtained consent from the consumer, as specified. The bill makes a statement of legislative intent with regard to the act.This bill would make nonsubstantive changes in the statement of intent regarding the California Financial Information Privacy Act.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION
Senate Bill
No. 1022
Introduced by Senator UmbergFebruary 14, 2020
Introduced by Senator Umberg
February 14, 2020
An act to amend Section 4051 of the Financial Code, relating to privacy.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
SB 1022, as introduced, Umberg. Privacy.
Existing law, the California Financial Information Privacy Act, prohibits a financial institution from disclosing or sharing a consumers nonpublic personal information with a nonaffiliated third party unless the financial institution has obtained consent from the consumer, as specified. The bill makes a statement of legislative intent with regard to the act.This bill would make nonsubstantive changes in the statement of intent regarding the California Financial Information Privacy Act.
Existing law, the California Financial Information Privacy Act, prohibits a financial institution from disclosing or sharing a consumers nonpublic personal information with a nonaffiliated third party unless the financial institution has obtained consent from the consumer, as specified. The bill makes a statement of legislative intent with regard to the act.
This bill would make nonsubstantive changes in the statement of intent regarding the California Financial Information Privacy Act.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 4051 of the Financial Code is amended to read:4051. (a) The Legislature intends for financial institutions to provide their consumers notice and meaningful choice choices about how those consumers nonpublic personal information is shared or sold by their financial institutions.(b) It is the intent of the Legislature in enacting the California Financial Information Privacy Act to afford persons greater privacy protections than those provided in Public Law 106-102, the federal Gramm-Leach-Bliley Act, and that this division be interpreted to be consistent with that purpose.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 4051 of the Financial Code is amended to read:4051. (a) The Legislature intends for financial institutions to provide their consumers notice and meaningful choice choices about how those consumers nonpublic personal information is shared or sold by their financial institutions.(b) It is the intent of the Legislature in enacting the California Financial Information Privacy Act to afford persons greater privacy protections than those provided in Public Law 106-102, the federal Gramm-Leach-Bliley Act, and that this division be interpreted to be consistent with that purpose.
SECTION 1. Section 4051 of the Financial Code is amended to read:
### SECTION 1.
4051. (a) The Legislature intends for financial institutions to provide their consumers notice and meaningful choice choices about how those consumers nonpublic personal information is shared or sold by their financial institutions.(b) It is the intent of the Legislature in enacting the California Financial Information Privacy Act to afford persons greater privacy protections than those provided in Public Law 106-102, the federal Gramm-Leach-Bliley Act, and that this division be interpreted to be consistent with that purpose.
4051. (a) The Legislature intends for financial institutions to provide their consumers notice and meaningful choice choices about how those consumers nonpublic personal information is shared or sold by their financial institutions.(b) It is the intent of the Legislature in enacting the California Financial Information Privacy Act to afford persons greater privacy protections than those provided in Public Law 106-102, the federal Gramm-Leach-Bliley Act, and that this division be interpreted to be consistent with that purpose.
4051. (a) The Legislature intends for financial institutions to provide their consumers notice and meaningful choice choices about how those consumers nonpublic personal information is shared or sold by their financial institutions.(b) It is the intent of the Legislature in enacting the California Financial Information Privacy Act to afford persons greater privacy protections than those provided in Public Law 106-102, the federal Gramm-Leach-Bliley Act, and that this division be interpreted to be consistent with that purpose.
4051. (a) The Legislature intends for financial institutions to provide their consumers notice and meaningful choice choices about how those consumers nonpublic personal information is shared or sold by their financial institutions.
(b) It is the intent of the Legislature in enacting the California Financial Information Privacy Act to afford persons greater privacy protections than those provided in Public Law 106-102, the federal Gramm-Leach-Bliley Act, and that this division be interpreted to be consistent with that purpose.