Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act
Key claim: HR8398 (Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act) was referred to the House Committee on Financial Services in the 119th Congress.
Abstract
(HR8398 · 119th Congress) Latest action (2026-04-21): Referred to the House Committee on Financial Services.
Why this matters
The bill’s title signals congressional interest in establishing baseline rules for how financial data may be used, accessed, and disclosed — a topic that sits at the intersection of consumer data rights and institutional handling obligations. Because only a referral has occurred, it is too early to assess whether individuals would gain new rights (e.g., access, correction, disclosure notices) or whether covered entities would face new compliance duties. Status should be tracked pending committee action or released text.