Second Wind for Senators' Privacy Plan?

By Heller, Michele | American Banker, May 25, 2001 | Go to article overview

Second Wind for Senators' Privacy Plan?


Heller, Michele, American Banker


Privacy legislation is a sleeping giant that could be revived by Democrats, who are poised to take control of the Senate and vault consumer advocate Sen. Paul Sarbanes to the helm of the Senate Banking Committee, a former Republican aide on the panel said Thursday.

"Privacy is the sleeper issue on this," said Lendell W. Porterfield, who until January worked for privacy hawk Sen. Richard C. Shelby, the second-ranking Republican on Senate Banking. "It's the one issue where Sarbanes and the Bush administration could have something in common."

As a result, "the banking industry will have to move to a more defensive position on privacy," said Mr. Porterfield, who left the committee to become vice president of the Washington lobbying firm Van Scoyoc Associates Inc.

Since coming to power, President Bush and his aides have been dropping increasingly strong hints that they aren't opposed to additional privacy laws and regulations, which Sen. Sarbanes, D-Md., has long advocated.

White House Budget Director Mitch Daniels was quoted in the online edition of BusinessWeek last week as saying that President Bush "is consistently underestimated ... in the intensity of his commitment and interest in personal privacy.

"Privacy will be a very important theme of this administration," Mr. Daniels was quoted as saying. "I want to make sure that, particularly in the regulatory area, we have an accountability, and we are alert to opportunities to extend privacy protections."

The administration surprised corporate America by establishing a privacy czar in the Justice Department, and by letting regulations that President Clinton issued in the waning days of his administration take effect to restrict the corporate sharing of medical information.

Sen. Sarbanes made his mark on privacy issues by authoring a key provision of the Gramm-Leach-Bliley Act of 1999 that expressly lets states enact laws tougher than the federal statute.

As Senate Banking chairman, Mr. Porterfield said, Sen. Sarbanes would be able to schedule consideration of his "Financial Information Privacy Protection" bill, which would go beyond Gramm-Leach-Bliley by letting customers block financial companies from sharing their data with affiliates. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Second Wind for Senators' Privacy Plan?
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.