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LegalText 15 U.S.C. § 6808 Study of information sharing among financial affiliates us united_states_code code_section 15 COMMERCE AND TRADE 94 PRIVACY 6808 15 U.S.C. § 6808 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s6808 data/legal/raw/us/code/title-15/usc15.xml dc77baaba60b7af01eb2d0f7e7e5eb52ad811aef45af7388a28397085ad5969d 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 e8760015e0ce004e1c3b48eee70615540fc252a8be08b7dee26901311a305fd1 2026-07-04 official
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15 U.S.C. § 6808 - Study of information sharing among financial affiliates

Text

(a) In general The Secretary of the Treasury, in conjunction with the Federal functional regulators and the Federal Trade Commission, shall conduct a study of information sharing practices among financial institutions and their affiliates. Such study shall include—

(1) the purposes for the sharing of confidential customer information with affiliates or with nonaffiliated third parties;

(2) the extent and adequacy of security protections for such information;

(3) the potential risks for customer privacy of such sharing of information;

(4) the potential benefits for financial institutions and affiliates of such sharing of information;

(5) the potential benefits for customers of such sharing of information;

(6) the adequacy of existing laws to protect customer privacy;

(7) the adequacy of financial institution privacy policy and privacy rights disclosure under existing law;

(8) the feasibility of different approaches, including opt-out and opt-in, to permit customers to direct that confidential information not be shared with affiliates and nonaffiliated third parties; and

(9) the feasibility of restricting sharing of information for specific uses or of permitting customers to direct the uses for which information may be shared.

(b) Consultation The Secretary shall consult with representatives of State insurance authorities designated by the National Association of Insurance Commissioners, and also with financial services industry, consumer organizations and privacy groups, and other representatives of the general public, in formulating and conducting the study required by subsection (a).

(c) Report On or before January 1, 2002, the Secretary shall submit a report to the Congress containing the findings and conclusions of the study required under subsection (a), together with such recommendations for legislative or administrative action as may be appropriate.

(Pub. L. 106102, title V, § 508, Nov. 12, 1999, 113 Stat. 1442.)