ALBANY - The chairman of the New York State Assembly's Insurance Committee voiced support Tuesday for toughening the privacy provisions enacted in the Gramm-Leach-Bliley Act.

Assemblyman Alexander Grannis, a Democrat, told a committee hearing filled with bankers and insurance company representatives that Congress "knew what it was doing" when it invited states to enact tougher privacy controls.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.