This action alert has expired. The bill was passed into law.
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In reaction to a strong financial privacy law adopted earlier this year in California, big banks, insurance companies and other financial firms are pressuring Congress to pass legislation that would set an even lower national standard for our financial privacy.
The House has already adopted the big bank measure (the Fair and Accurate Credit Transactions Act of 2003, H.R. 2622). But some in the Senate are fighting back. An amendment proposed by Senators Barbara Boxer (D-CA) and Dianne Feinstein (D-CA) would set the strong California law as the new national standard -- limiting the number of institutions that can share your information and giving you the ability to restrict the sharing of your information.
Take Action! Urge your Senators to support the pro-privacy amendment to the "Fair and Accurate Credit Transactions Act of 2003."
You should have control over your own financial information.
You should be able to tell companies that you do not want your information shared with other companies. The Boxer-Feinstein amendment would allow you to protect more of your private information.
This legislation would set an even lower national standard for privacy protections.
The Boxer-Feinstein amendment would set the strong California law as the new national standard. It would ensure consumers have the option to protect more of their financial information.
Without the amendment, your information will continue to be widely available.
Your personal information -- such as account balances, details of credit card charges or checks and all the personal details you have provided on loan or insurance applications -- will continue to be widely sold and traded by a range of different companies under the current "Fair and Accurate Credit Transactions Act of 2003."