,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dfjd  ,,in ,,the ,,house ,,of  
,,representatives  ,may #g1 #bjad ,mr4  
,westmoreland 7for himself1 ,mr4 ,duffy1
 ,mrs4 ,bachmann1 ,mr4 ,long1 ,mr4      
,posey1 ,mr4 ,bentivolio1 and ,mr4      
,luetkemeyer7 introduced the following  
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to amend the ,consumer         
,financial ,protection ,act of #bjaj to 
create a consumer opt-out list for data 
collected by the ,bureau1 to put time   
limits on data held by the ,bureau1 and 
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,,cfpb   
,data ,collection ,security ,act4  #b4  
,collection and disposal of consumer    
information ,section #ajbb7;c7 of the   
,consumer ,financial ,protection ,act of
 #bjaj 7#ab ,u4,s4,c4 #eeab7;c77 is     
amended by adding at the end the        
following3  7#aj7 ,opt-out list for data
 collection  7,a7 ,in general ,the      
,bureau shall establish an opt-out list1

 which shall contain a list of consumers
 who have notified the ,bureau that they
 do not wish to allow the ,bureau to    
collect personally identifiable         
information about them4  7,b7           
,availability of list ,the ,bureau shall
 provide consumers with a method of     
adding and removing their names from the
 opt-out list both over the phone and on
 the website of the ,bureau4  7,c7      
,prohibition on data collection  7i7 ,in
 general ,the ,bureau may not collect   
personally identifiable information     
about a consumer if the consumer is     
listed on the opt-out list4  7ii7       
,exception for consumer complaints  7,i7
 ,in general ,this subparagraph shall   
not apply with respect to consumer      
complaints4  7,,ii7 ,use of data        
,personally identifiable information    
contained in a consumer complaint with  
respect to a consumer that is listed on 
the opt-out list may not be used for any
 purpose other than the consumer        
complaint1 including supervisory        

functions or market monitoring4  7#aa7  
,timing limitation on data held by the  
,bureau ,the ,bureau shall delete or    
otherwise destroy--  7,a7 any           
information related to a consumer       
complaint regarding consumer financial  
products or services1 not later than the
 end of the #fj-;day period following   
the completion of any review into such  
complaint where no further action will  
be taken2  7,b7 any reports issued by1  
or data collected while conducting an   
examination of1 any covered person1     
depository institution1 or credit union 
over which the ,bureau has supervisory  
authority1 after three examinations1    
except for enforcement actions that     
specifically address payments to        
consumers2 and  7,c7 any information    
collected by the ,bureau about a        
particular consumer or other person not 
described under subparagraph 7,a7 or    
7,b71 not later than the #fj-;day period
 following the date on which the ,bureau
 collected such information4  7#ab7     

,requirement in event of privacy breach 
,if the ,bureau experiences a data      
breach that exposes personally          
identifiable information about a        
consumer1 the ,bureau shall provide such
 consumer with one year of free credit  
monitoring and publicly notify consumers
 of the breach on the front page of the 
,bureau's website4  7#ac7 ,requirement  
for ,senate-confirmed ,director         
,notwithstanding any other provision of 
law1 the ,bureau may not collect any    
data or perform any market monitoring   
unless the ,bureau has a                
,senate-confirmed ,director4  4  #c4    
,personnel requirement ,section         
#ajac7;a7 of the ,consumer ,financial   
,protection ,act of #bjaj 7#ab ,u4,s4,c4
 #edic7;a77 is amended by adding at the 
end the following3  7#f7 ,confidential  
security clearance required for certain 
employees ,no employee of the ,bureau   
may access personally identifiable      
information collected by the ,bureau    
unless such employee holds a            

confidential security clearance4  4