US Draft Bill Imposes Steep Penalties and Expands FTC’s Authority to Regulate Privacy

On November 1, 2018, Senator Ron Wyden (D-Ore.) released a draft bill, the Consumer Data Protection Act , that seeks to “empower consumers to control their personal information.” The draft bill imposes heavy penalties on organizations and their executives, and would require senior executives of companies with more than one billion dollars per year of revenue or data on more than 50 million consumers to file annual data reports with the Federal Trade Commission.

Full article: Draft Bill Imposes Steep Penalties, Expands FTC’s Authority to Regulate Privacy