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Committee advances administration bill to tighten protection of government banking data
Summary
A sponsor described HB 16-33 as an administration bill from the Department of Finance and Administration intended to codify and tighten safeguards around sensitive banking and account information held by government entities; the committee advanced the bill to full committee.
A representative explained that House Bill 16-33 is an administration bill from the Department of Finance and Administration that would tighten the law protecting sensitive banking and financial account information held by government entities. The sponsor said the measure largely codifies current department practice and is intended to prevent departments from releasing sensitive banking information to the public.
"It basically tightens the law that protects sensitive banking and financial account information held by our government entities," the sponsor told the committee. Members called the question and the clerk reported five ayes and one present-not-voting; the bill will move on to the full committee for further consideration.
