Data Privacy Act of 2023

This bill amends the Gramm-Leach-Bliley Act to strengthen privacy protections for consumers' personal information. It requires financial institutions to obtain explicit consent before using or sharing nonpublic personal information, gives individuals the right to access, delete, and control how their data is shared with third parties, and restricts sharing personal information with foreign governments. Financial institutions must provide clear privacy notices detailing what information they collect, how it's used, and with whom it's shared. These changes directly affect financial institutions and the millions of people who have accounts or financial relationships with them.