Prison time, hefty fines for data privacy violations: draft U.S. Senate bill
6 replies, posted
https://www.reuters.com/article/us-usa-internet-privacy/prison-time-hefty-fines-for-data-privacy-violations-draft-u-s-senate-bill-idUSKCN1N65U2?
Senator Ron Wyden released a draft of legislation that would grant the Federal Trade Commission authority to write privacy regulations. The measure would also allow maximum fines of 4 percent of revenue - matching European rules adopted earlier this year.
“It’s time for some sunshine on this shadowy network of information sharing,” Wyden said in a statement. “My bill creates radical transparency for consumers, gives them new tools to control their information and backs it up with tough rules.”
Data privacy has become an increasingly important issue since massive breaches compromised the personal information of millions of U.S. internet and social media users, as well as breaches involving large retailers and credit reporting agency Equifax Inc (EFX.N).
Wyden would also create a national “Do Not Track” system to stop companies from tracking internet users by sharing or selling data and targeting advertisements based on their personal information. The bill would also subject senior executives at companies with privacy violations to fines of $5 million or more.
Bill details: Wyden Releases Discussion Draft of Legislation to Provide Real P..
Stolen from a Hacker News comment:
This bill is only for Corporations that do over $50,000,000 in revenues or higher OR have info on at least 1,000,000 or more customers.
So it's kind of a GDPR-light?
It really is amazing how you can get away with absurdly massive privacy leaks and woops lol no one cares
I don't see Republicans voting for this though, and even if some of them did cross the aisle, wouldn't Trump be able to just veto it without a senate supermajority voting yes?
It's probably not that hard to convince him
Fucking finally
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