Sec. 3. Preemption with respect to financial institution safeguards
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Section 507 of the Gramm-Leach-Bliley Act ( 15 U.S.C. 6807 ) is amended to read as follows: This subtitle preempts any law, rule, regulation, requirement, standard, or other provision having the force and effect of law of any State, or political subdivision of a State, with respect to a financial institution or affiliate thereof securing personal information from unauthorized access or acquisition, including notification of unauthorized access or acquisition of data. Subsection
(a)shall not prevent a State or political subdivision of a State from establishing the standards for entities engaged in providing insurance required by sections 501(c) and 501(d), provided the standards established by such State or political subdivision do not impose any requirement that is in addition to or different from those standards, except where necessary to effectuate the purposes of this subtitle. .
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Sec. 3
Preemption with respect to financial institution safeguards
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