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HR1165FEDERALUNKNOWN
High Impact

Data Privacy Act of 2023

December 5, 2024

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The Frame

What this does

If passed, this bill would grant individuals new legal rights to access, delete, and limit the sharing of their held by banks and other financial institutions, while ing conflicting state privacy laws.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Financial institutions

They must comply with new requirements for data collection, disclosure, deletion, and international sharing, and face new rulemaking regarding compliance costs.

Individuals with a customer or consumer relationship

They gain new rights to access, delete, and control the sharing of their nonpublic personal information held by financial institutions.

Data aggregators

They are explicitly included in the definitions of the bill and are subject to the new privacy and disclosure requirements.

What changed

Last recorded activity December 5, 2024.

What's next

Introduced.

Summary

This bill updates federal law to give individuals more control over their personal financial data, including the right to request that financial institutions delete their information or provide a copy of it. It also restricts how financial institutions can share personal data with third parties and foreign governments.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Can I ask my bank to delete my personal information?
Yes, under this bill, you would have the right to request that a financial institution delete your , provided the institution is not required by law to retain it for specific purposes like dispute resolution or regulatory compliance.
Does this bill apply to state privacy laws?
Yes, the bill is designed to supersede state or local statutes that regulate how financial institutions collect, disclose, or manage personal information.
What happens if I haven't used my bank account in a long time?
If you have not used a product or service from a financial institution for one year, the institution is required to notify you of your right to request the deletion of your personal information and provide instructions on how to do so.

Why It Matters

If passed, this bill would grant individuals new legal rights to access, delete, and limit the sharing of their held by banks and other financial institutions, while ing conflicting state privacy laws.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Lobbying Activity

AARP

$4,110,000

2026

HEALTH ISSUESMEDICARE/MEDICAIDLAW ENFORCEMENT/CRIME/CRIMINAL JUSTICEPHARMACY

P.L. 119-21, One Big Beautiful Bill Act H.R. 8867, Planning for Long-term Aging Needs (PLAN) Act H.R. 5861, Legacy Act of 2025 H.R. 9393, the Lower Costs, More Transparency Act. H.R. 9396, the Prior Authorization Accountability Act. S. 4916, the Aging with Artificial Intelligence Act. H.R. 8100, Safe Staffing Saves Lives Act. S. 3886, Nurses Belong in Nursing Homes Act. H.R. 6766/S. 3492, the Essential Caregivers Act of 2025. H.R. 7966/S. 4118, Hospice Care Accountability, Reform, and Enforcement (Hospice CARE) Act. S. 2120, the Older Americans Act Reauthorization Act of 2025 H.R. 5575, the Firefighters Assisting Seniors to Emergency Response (FASTER) Act of 2025. H.R. 3954/S. 4641, Improving Access to Medicare Coverage Act. H.R.5554/S.2831, Stand Strong for Medicare Act. S. 3439/H.R. 6735, Connecting Caregivers to Medicare Act and efforts related to the bill S. 1227/H.R. 2491, Alleviating Barriers for Caregivers Act S. 668/H.R. 3183, Supporting Access to Falls Education and Prevention and Strengthening Training Efforts and Promoting Safety Initiatives (SAFE STEPS) for Veterans Act of 2025 CMS-1851-P, Hospice Proposed rule. CMS-1843-P, Skilled Nursing Facility Proposed rule. CMS-1844-P, Home Health Proposed rule. No bill number. Health care transparency. No bill number. Discussed use of artificial intelligence and health data technology. No bill number. Discussed health-related policies and activities around the fall respiratory virus season. No bill number. Discussed health insurance affordability proposals. No bill number. Discussed Nursing Home staffing standards, safety, and quality. No bill number. Discussed Nursing home transparency and ownership requirements. No bill number. Discussed home health, hospice, and long-term care. No bill number. Discussed falls prevention. No bill number. Discussed social isolation. No bill number. Discussed HUD Assisted Living Requirements No bill number. Discussed family caregiving. No bill number. Discussed AARP paper on Medicare Caregiver Training Services. No bill number. Discussed Medicaid community engagement interim final rule, including the family caregiver exemption. No bill number. Discussed the paid direct care workforce in long-term care. No bill number. Discussed the unaffordability of long-term care. No bill number. Discussed Money Follows the Person Rebalancing Demonstration Program and Medicaid HCBS spousal impoverishment protections. No bill number. Discussed Medicaid fraud and family caregivers, Medicaid self-direction programs. No bill number. Discussed sandwich generation family caregiver hearing and submitted a statement for the record discussing family caregivers and sandwich generation caregivers, programs that support them, AARP caregiving resources, and federal policies to support sandwich generation caregivers and caregivers more broadly. No bill number. Discussed long-term care. No bill number. CMS-2453-NC; Medicaid Program; 2028 Medicaid Home and Community-Based Services Quality Measure Set Submitted comments No bill number. Discussed expanding access to home care. No bill number. Discussed the increasing cost of home care No bill number. Discussed HSA use for telehealth chronic care management services/subscriptions. No bill number. Discussed artificial intelligence and technology

1607 STRATEGIES, LLC

on behalf of Fifth Third Bank

2024

BANKING

Monitor issues related to financial services. Issues relating to CFPB rules for consumer lending. Issues related to federal regulation of financial institutions. H.R. 1165, the Data Privacy Act of 2023, all provisions. Issues relating to capital requirements under Basel III. Issues related to capital requirements for large banks. H.R. 4206, Bank Safety Act of 2023, all provisions.

1607 STRATEGIES, LLC

on behalf of Fifth Third Bank

2023

BANKING

Monitor issues related to financial services. Issues relating to CFPB rules for consumer lending. Issues related to federal regulation of financial institutions. H.R. 1165, the Data Privacy Act of 2023, all provisions. Issues relating to capital requirements under Basel III. Issues related to capital requirements for large banks.

1607 STRATEGIES, LLC

on behalf of Fifth Third Bank

2023

BANKING

Monitor issues related to financial services. Issues relating to CFPB rules for consumer lending. Issues related to federal regulation of financial institutions. H.R. 1165, the Data Privacy Act of 2023, all provisions. Issues relating to capital requirements under Basel III. Issues related to capital requirements for large banks.

1607 STRATEGIES, LLC

on behalf of Fifth Third Bank

2023

BANKING

Monitor issues related to financial services. Issues relating to CFPB rules for consumer lending. Issues related to federal regulation of financial institutions. H.R. 1165, the Data Privacy Act of 2023, all provisions.

1607 STRATEGIES, LLC

on behalf of Fifth Third Bank

2023

BANKING

Monitor issues related to financial services. Issues relating to CFPB rules for consumer lending. Issues related to federal regulation of financial institutions. H.R. 1165, the Data Privacy Act of 2023, all provisions.

Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Federal Preemption of State Privacy Laws

The bill explicitly moves to centralize privacy regulation by superseding state-level statutes, a significant shift in the regulatory landscape for financial data.

Analysis Score

0–100
  • Significance85
    How much this matters to a regular citizen
  • Controversy60
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz40
    Current news / social attention level

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