The bill aims to put more pressure on the private sector to safeguard customers' data through nationwide data security practices and the hiring of privacy and data security leads.
It authorizes the Federal Trade Commission to enforce the legislation, collaborate with the Department of Commerce, and requires large data holders to conduct privacy impact assessments every two years.
The bill seeks to ensure individuals are informed when their data is transferred to foreign adversaries and terminates a commercial surveillance rulemaking, addressing concerns of overreach.
[
add
]
[
|
|
...
]