The bill H. R. 1165, titled the "Data Privacy Act of 2023," proposes updates to the Gramm-Leach-Bliley Act to enhance protections for individuals' nonpublic personal information held by financial institutions. It outlines financial institutions' obligations regarding the...
Simple Explanation
H. R. 1165 is trying to make sure banks protect people's private information better by setting new rules for how they can use and share it, while also making one big set of rules for the whole country so it's the same everywhere.