In California, One Privacy Bill Dies, While Another Passes
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Californias state legislative session ended on Aug. 31 with one major privacy bill being killed and another heading toward the governors desk.
The highly controversial Senate Bill 773, a financial privacy bill sponsored by State Senator Jackie Speier, D-San Mateo, and Assemblyman Joe Nation, D-San Rafael, died in the final hours of the session with a vote of 36-34. Forty-one votes were needed for passage.
Insurers were concerned about the bills definition of an affiliate and the opt-out provision it required. For companies considered non-affiliates, an opt-in would have been required.