Stock Market News

Online privacy bill easily passed by U.S. House panel

2022.06.23 23:06

Online privacy bill easily passed by U.S. House panel
FILE PHOTO: People look at data on their mobiles as background with crowd of people walking is projected in this illustration picture taken on May 30, 2018. REUTERS/Kacper Pempel/Illustration//File Photo

By Diane Bartz

WASHINGTON (Reuters) – A U.S. House of Representatives panel passed a bipartisan online privacy bill on Thursday that aims to limit the collection of personal data, though doubts remain as to whether it will become law.

The bill would require companies like Alphabet (NASDAQ:GOOGL)’s Google and Meta’s Facebook (NASDAQ:META), along with a long list of others, to only collect personal data that is necessary to provide services. Sensitive information like Social Security numbers would get even more protection.

The measure easily passed a House Energy and Commerce subcommittee on a voice vote. It now goes to the full committee.

Previous attempts to pass privacy legislation were blocked by a buzzsaw of opposition from tech companies, who provide free services by using consumer data for advertising. Much of the debate over these bills focused on whether federal legislation would preempt state laws, which are sometimes stronger, or whether individuals would be allowed to sue in the case of privacy violations.

The fate of the bill is uncertain given that it faces criticism from powerful Senate Democrats, including Senator Maria Cantwell who doesn’t believe the bill’s enforcement is strong enough.

Lead sponsors are Energy and Commerce Committee Chair Frank Pallone along with Representative Jan Schakowsky, both Democrats, as well as Republican Representatives Cathy McMorris Rodgers and Gus Bilirakis.

“Today’s markup is another milestone towards our ultimate goal of enacting meaningful national privacy legislation,” said Pallone.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 101,606.22 1.18%
ethereum
Ethereum (ETH) $ 3,894.46 0.46%
tether
Tether (USDT) $ 1.00 0.03%
xrp
XRP (XRP) $ 2.43 3.32%
solana
Solana (SOL) $ 224.16 0.94%
bnb
BNB (BNB) $ 719.24 0.13%
dogecoin
Dogecoin (DOGE) $ 0.405162 0.15%
usd-coin
USDC (USDC) $ 1.00 0.06%
cardano
Cardano (ADA) $ 1.10 0.38%
staked-ether
Lido Staked Ether (STETH) $ 3,875.61 0.94%
tron
TRON (TRX) $ 0.294394 2.25%
avalanche-2
Avalanche (AVAX) $ 52.85 1.51%
chainlink
Chainlink (LINK) $ 29.70 4.51%
shiba-inu
Shiba Inu (SHIB) $ 0.000028 0.16%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,623.31 0.36%
the-open-network
Toncoin (TON) $ 6.24 2.69%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 101,164.10 1.08%
sui
Sui (SUI) $ 4.65 2.90%
polkadot
Polkadot (DOT) $ 8.74 3.39%
stellar
Stellar (XLM) $ 0.430119 0.05%
hedera-hashgraph
Hedera (HBAR) $ 0.299848 7.05%
bitcoin-cash
Bitcoin Cash (BCH) $ 536.39 0.82%
weth
WETH (WETH) $ 3,894.95 0.47%
uniswap
Uniswap (UNI) $ 17.11 1.29%
pepe
Pepe (PEPE) $ 0.000024 0.90%
litecoin
Litecoin (LTC) $ 121.23 0.37%
leo-token
LEO Token (LEO) $ 9.40 0.24%
near
NEAR Protocol (NEAR) $ 6.76 2.34%
aptos
Aptos (APT) $ 13.91 2.95%
wrapped-eeth
Wrapped eETH (WEETH) $ 4,108.44 0.37%
hyperliquid
Hyperliquid (HYPE) $ 20.71 16.80%
internet-computer
Internet Computer (ICP) $ 13.14 3.51%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
aave
Aave (AAVE) $ 381.00 3.12%
usds
USDS (USDS) $ 1.00 0.08%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.609926 2.09%
ethereum-classic
Ethereum Classic (ETC) $ 33.26 2.14%
crypto-com-chain
Cronos (CRO) $ 0.18024 3.06%
render-token
Render (RENDER) $ 9.15 2.15%
vechain
VeChain (VET) $ 0.058097 2.05%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.75 1.78%
bitget-token
Bitget Token (BGB) $ 3.16 2.20%
bittensor
Bittensor (TAO) $ 575.71 0.15%
arbitrum
Arbitrum (ARB) $ 1.01 3.34%
mantle
Mantle (MNT) $ 1.23 3.43%
filecoin
Filecoin (FIL) $ 6.62 1.66%
kaspa
Kaspa (KAS) $ 0.157907 2.12%
monero
Monero (XMR) $ 212.26 2.78%
mantra-dao
MANTRA (OM) $ 4.00 3.00%
whitebit
WhiteBIT Coin (WBT) $ 25.14 0.70%