Rep. Luetkemeyer introduces breach-notice bill focused on finance sector

Attempting to move past a long-running inter-sector stalemate over breach-notification legislation, House Financial Services subcommittee Chairman Blaine Luetkemeyer (R-MO) today introduced legislation that would codify notice requirements for financial services entities including insurers.

The bill by the financial institutions and consumer credit subcommittee chairman would require financial regulators to establish specific breach-notice rules for the entities under their jurisdiction.

“The Consumer Information Notification Requirement Act enhances the Gramm-Leach-Bliley Act to require financial institutions subject to GLBA to have a...