Enacts the "genetic privacy and protection act" to require deletion of genetic data upon financial distress or bankruptcy; prohibits sale, transfer.

The "genetic privacy and protection act" mandates the deletion of genetic data within thirty days of a company experiencing financial distress likely to lead to bankruptcy. It prohibits the sale, transfer, or continued use of genetic data without explicit and renewed consent from the original consumer. Companies must submit annual financial stability disclosure reports to the New York State Department of State, subject to legislative oversight.

Enacts the "genetic privacy and protection act" to require deletion of genetic data upon financial distress or bankruptcy; prohibits sale, transfer.

The "genetic privacy and protection act" mandates the deletion of genetic data within thirty days of a company experiencing financial distress likely to lead to bankruptcy. It prohibits the sale, transfer, or continued use of genetic data without explicit and renewed consent from the original consumer. Companies must submit annual financial stability disclosure reports to the New York State Department of State, subject to legislative oversight.