The Senate will likely vote on Fair Credit Reporting Act (FCRA) reauthorization legislation on Thursday October 23 or Friday October 24, according to Senate Banking Committee aides. The Senate bill (S. 1753), like the House-passed bill (H.R. 2622), will renew expiring FCRA provisions that give federal law precedence over state law with regard to the use and exchange of personal financial information.

Senators Dianne Feinstein (D-California) and Barbara Boxer (D-California) are expected to offer an amendment that would allow consumers to remove their names from the lists that companies share with affiliates. The amendment is designed to preserve a California law passed earlier this year. Congress is under pressure to pass reauthorizing legislation by the end of the year because the provisions of the FCRA which prevent states from enacting stricter privacy protections are set to expire. Without legislation, it is likely that other states will follow California’s lead.