,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #bcif  ,,in ,,the ,,house ,,of  
,,representatives  ,may #d1 #bjag,mr4   
,trott 7for himself and ,mr4 ,clay7     
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
amend the ,gramm-,leach-,bliley ,act to 
update the exception for certain annual 
notices provided by financial           
institutions4  #a4 ,short title ,this   
,act may be cited as the ,privacy       
,notification ,technical ,clarification 
,act4  #b4 ,exception to annual notice  
requirement ,section #ejc7;f7 of the    
,gramm-,leach-,bliley ,act 7#ae         
,u4,s4,c4 #fhjc7;f77 is amended by      
adding at the end the following3  or--  
7#b7 ,a financial institution that--    
7,a7 has not changed its policies and   
practices with regard to disclosing     
nonpublic information from the policies 
and practices that were disclosed in the
 most recent disclosures sent to        
consumers in accordance with this       

section1 shall not be required to       
provide an annual disclosure under this 
section until such time as the financial
 institution has changed its policies   
and practices with regard to disclosing 
nonpublic information from the policies 
and practices that were disclosed in the
 most recent disclosures sent to        
consumers in accordance with this       
section1 provided1  7,b7 the financial  
institution makes its current policy    
available to consumers on its website   
and via mail upon written request sent  
to a designated address identified for  
the purpose of requesting the policy or 
upon telephone request made using a toll
 free customer service telephone number2
 and  7,c7 the financial institution    
conspicuously notifies customers of the 
availability of the current policy      
including a message on or with each     
periodic billing statement for customers
 who are entitled to periodic billing   
statements4 ,for customers and consumers
 who are not entitled to periodic       

billing statements1 the financial       
institution shall conspicuously notify  
customers and consumers of the          
availability of the current policy      
through other reasonable means such as  
on its website or with other written    
communication1 including electronic     
communication1 sent to the consumer4    
7,d7 ,if a financial institution        
maintains more than one policy that     
varies depending on the consumer's      
account status or state of residence1   
the financial institution may comply    
with the website posting requirement in 
subparagraph 7,b7 by posting all of its 
notices to the public section of its    
website with instructions for choosing  
the applicable notice4  4