Rep. Blaine Luetkemeyer's (R-Mo.) is re-introducing legislationFriday that would eliminate the current requirement that financialinstitutions mail annual privacy notices to all customersexplaining information sharing practices, even the policies thathave not changed, his office said.

Instead, the Eliminate Privacy Notice Confusion Act,co-sponsored by Rep. Brad Sherman (D-Calif.), would require banksand credit unions to provide the information only if privacypolicies have changed.

A similar version of the bill passed the House in December but was not taken up by the Senatein that session of Congress.