Bill Huizenga (R-MI)
Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act
A Republican bill with 6 Republican cosponsors · See all 6 cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The GUARD Financial Data Act aims to improve the treatment of consumer financial data by amending the Gramm-Leach-Bliley Act. It introduces requirements for data minimization, ensuring financial institutions only collect or disclose information that is necessary for specific purposes. The bill expands consumer rights, including the ability to opt out of data sharing at any time and providing more detailed information in consumer notices. It also establishes rules for the use of consumer access credentials by third parties. Furthermore, the Act grants customers the right to request the disclosure or deletion of their nonpublic personal information. Finally, it mandates regulatory considerations for smaller financial institutions and establishes how the law relates to State laws.
Yes· 3 of 9
- Scored +8
Does this give people more control over their personal data?
The bill significantly strengthens consumer data privacy by mandating data minimization, enhancing opt-sout rights, and requiring explicit consent for sensitive information.
- Scored +5
Does this make what the government does easier for the public to see?
The bill requires more detailed consumer notices regarding data retention, artificial intelligence use, and data sharing categories.
- Scored +4
Would middle-income households be better off under this?
The bill provides increased control over how personal financial data is used and shared by institutions.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Data Minimization: Financial institutions will be required to limit the collection or disclosure of nonpublic personal information to what is adequate, relevant, and reasonably necessary for a specific purpose (Section 102).
-
Enhanced Opt-Out Rights: Consumers gain the ability to exercise their right to opt out of data sharing at any time after the initial disclosure (Section 103).
-
Increased Transparency for Access Credentials: Financial data aggregators and third parties must provide clear disclosures regarding how they use access credentials, the associated privacy risks, and their security practices (Section 104).
-
More Detailed Consumer Notices: Notices provided to consumers will include specific information such as categories of purposes for data collection, data retention practices, and the use of artificial intelligence (Section 105).
-
Right to Access and Delete Information: Customers and former customers can request that a financial institution disclose their nonpublic personal information or delete it (Section 107).
-
Protection for Sensitive Information: Financial institutions are required to obtain explicit consumer consent before collecting or disclosing sensitive nonpublic personal information, such as racial or ethnic origin or precise geolocation data (Section 108).
Potential Negative Impacts for People
-
Costs for Former Customers: While a consumer can make two requests for information or deletion free of charge, any subsequent requests may require the consumer to pay a fee (Section 107).
-
Regulatory Burden on Small Institutions: While the law requires regulators to consider the limitations of small institutions, the new requirements for data minimization, updated notices, and handling deletion requests still place new obligations on financial institutions (Section 201).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would middle-income households be better off under this? — The bill provides increased control over how personal financial data is used and shared by institutions. Would Black Americans be better off under this? — The bill provides extra protections for sensitive information that includes racial or ethnic origin. Would Hispanic Americans be better off under this? — The bill provides extra protections for sensitive information that includes racial or ethnic origin. Would households on low incomes be better off under this? — Enhanced privacy protections for sensitive data benefit all consumers, including those in lower income brackets. Would people in cities be better off under this? — The bill includes specific protections for precise geolocation data which is often more relevant in urban settings.
- Education And Technology
- Does this give people more control over their personal data? — The bill significantly strengthens consumer data privacy by mandating data minimization, enhancing opt-sout rights, and requiring explicit consent for sensitive information.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill requires more detailed consumer notices regarding data retention, artificial intelligence use, and data sharing categories.
- Economy And Finance
- Does this make it easier to run a small business? — The bill mandates that regulators consider the resource and technical limitations of smaller financial institutions when prescribing regulations.
- Social Issues And Justice
- Does this narrow racial gaps in how people are treated? — The bill enhances protections for sensitive information, including racial or ethnic origin, by requiring explicit consumer consent for its collection or disclosure.
- 5/12/2026
- 2 Cosponsors added.
- 4/27/2026
- 1 Cosponsor added.
- 4/21/2026
- Referred to the House Committee on Financial Services.
- 3 Cosponsors added.
- Introduced in House
Andy BarrRepublican · Kentucky
J. HillRepublican · Arkansas
Mike HaridopolosRepublican · Florida
Michael LawlerRepublican · New York
Daniel MeuserRepublican · Pennsylvania
Bryan SteilRepublican · Wisconsin