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U.S. House votes to gut California's new financial privacy law

Posted by TimSlavin at September 11, 2003

U.S. House votes to gut California's new financial privacy law: "Key parts of California's new financial privacy law suffered a possibly fatal blow Wednesday when the House voted overwhelmingly to ensure that weaker federal standards for sharing consumers' information and fighting identity theft will be the law across the country." This is a key moment in an ongoing privacy battle both online and offline that manifests itself in this debate, do not call registries, spam complaints, and other perceived violations of privacy. The California law allows each state resident to control use of information banks and other companies have about them. While that sounds reasonable, and the bill was worked out with California businesses to address their concerns, companies are shoveling money to the U.S. Congress to pass weaker legislation that pre-empts tougher laws passed by individual states. From SFGate.

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