In California, One Privacy Bill Dies, While Another Passes
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.