Akin Gump published a client alert on current congressional efforts to enact privacy legislation. It details the Mind Your Own Business Act which would allow the FTC to establish minimum privacy and cybersecurity standards and issue on the first offense for companies and criminal penalties for executives who deceive the FTC. This legislation introduced by Senator Ron Wyden (D-OR) would also create a national Do Not Track system, create 175 full-time FTC staff positions dedicated to privacy and add a requirement for companies to examine the impact of algorithms on discrimination and accuracy. The alert also outlined the endorsement of several pieces of legislation on technology and artificial intelligence by the New Democrat Coalition. To read the full alert, please click here.
US Congress’ Privacy Legislation Efforts
