Plain English Breakdown
The official text defines the scope of exemptions for health information but does not detail how these interact with other parts of House Bill No. 380 outside this amendment.
Amendment Changing Rules on Selling Sensitive Data
This amendment updates House Bill No. 380 to limit exceptions for sharing sensitive data only when personal data is sold and clarifies that the law does not apply to banks, credit unions, or savings associations principally engaged in financial activities.
What This Bill Does
- Changes rules so that exceptions for disclosing sensitive data apply only when the disclosure happens during a sale of personal data.
- Defines 'sale of personal data' as exchanging personal data for money or other valuable consideration by a controller to a third party, excluding disclosures made just to provide a product or service requested by the consumer unless it involves selling sensitive data.
- Requires controllers to get consumer consent and keep records for five years before disclosing sensitive data in a sale of personal data.
- Clarifies that the law does not apply to federal or state chartered banks, credit unions, savings associations, or their affiliates principally engaged in financial activities.
- Adds exceptions for specific health information regulated by laws like HIPAA and the Federal Health Care Quality Improvement Act.
Who It Names or Affects
- Companies that sell personal data
- Federal and state chartered banks
- Credit unions and savings associations principally engaged in financial activities
- Manufacturers handling specific types of medical or research data
Terms To Know
- Sale of personal data
- Exchanging a person's information for money or something else of value.
- Controller
- The company or group that decides how and why personal data is used.
- Sensitive data
- Personal information that needs extra protection under this law when sold.
Limits and Unknowns
- The text does not state an effective date for these new rules.
- The amendment refers to other sections of House Bill No. 380 without listing all their details here.
- It is unclear how this change affects companies that share data for free but receive non-monetary value, as the definition focuses on 'valuable consideration'.