Rep. Blaine Luetkemeyer, R-Mo., has introduced a bill aiming to protect U.S. citizens from the damages of an information breach.
The congressman worked with the Financial Services Committee to develop the Consumer Information Notification Requirement Act that would affirm financial institutions’ compliance with data security standards, Luetkemeyer said Friday in a release.
The bill would modify the Gramm-Leach-Bliley Act to impose standards on data security at financial institutions, and require these institutions to immediately notify consumers in the event of breaches.
The introduction of the new bill comes a year after the reveal of the Equifax breach that exposed the data of 145.5 million people,
Luetkemeyer chairs the House Subcommittee on Financial Institutions and Consumer Credit.