Amend Floor Amendment No. 134 (page 413, prefiled amendment packet) by Phillips to CSSB 1 (house committee report) by adding a new Section ____ 02 and renumbering additional sections accordingly as follows:

SECTION ____.02.  Section 521.126, Transportation Code, is amended by amending Subsection (e) and adding Subsection (f) to read as follows:

(e)  The prohibition provided by Subsection (b) [(b)(1)] does not apply to a financial institution or a business that accesses or uses electronically readable information or compiles or maintains a database of that information if:

(1)  the information is accessed and used [only] for purposes of identification verification of an individual or check verification at the point of sale for a purchase of a good or service by check;

(3)  in the case of [. The prohibition provided by Subsection (b)(2) does not apply to] a financial institution, [if] each license or certificate holder whose information is included in the compilation or database consents to the inclusion of the person's information in the compilation or database[. Consent under this subsection must be] on a separate document, signed by the license or certificate holder, that explains in at least 14-point bold type the information that will be included in the compilation or database. [For the purposes of this subsection, "financial institution" has the meaning assigned by 31 U.S.C. Section 5312(a)(2), as amended.]