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Insurers and small‑business advocates back exemptions, ask for clarity and support in Vermont privacy bill
Summary
Insurance representatives praised exemptions for regulated industries in the draft; small‑business speakers urged clear thresholds, practical guidance and low‑cost compliance steps. A bank representative also flagged a citation error in the draft. Committee Q&A explored the 35,000‑consumer threshold and cyberinsurance impacts.
Stakeholders representing banks, insurers and small businesses addressed the House Commerce & Economic Development committee about operational and statutory details in S.71.
A speaker reading remarks for the Vermont Bankers Association highlighted appreciation for exemptions in the draft but flagged a technical error: a Bank Holding Company Act citation should read '12' rather than '18' on page 23 of the draft. Jamie Field, representing the…
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