Financial Privacy Amendment Defeated
The Senate has voted down an amendment that would have strengthened pending financial privacy legislation. The amendment, proposed by California Democrat Senators Dianne Feinstein and Barbara Boxer, would have instituted a California state law provision that prevents financial institutions from sharing customers' information with its affiliates. The Senate will vote today on the financial privacy bill, whose current form would preempt stronger state laws, such as the one in California.
Setback for Financial Privacy
Wired News, November 5, 2003
