Some notable impacts of the act include the issuance of steep fines up to 4% of annual revenue for the first offense a company commits and 10-20 years of criminal punishments for the senior executives involved.
The proposed bill is currently being heard in the House Committee on Energy and Commerce; therefore, it is in the first stage (introduction) of the legislation process.
A thorough examination of government websites, in particular, Congress.gov, Senate.gov, and delbene.house.gov
along with publications in major law review sites like the National Law Review provided the requested details on the three bills analyzed above. Both information used comes from reputable government websites and credible organizations like the National Law Review, a group of in-house attorneys committed to establishing a simple resource to gather and publish legal trends and news as they emerge.
Digital Privacy Legislation Proposals Part 1
The Innovative and Ethical Data Use Act of 2018, the CDT Federal Baseline Privacy Legislation Discussion Draft, and the Consumer Rights, Integrity, Safety, and Privacy in Information (CRISPI) Act are three additional new legislative proposals made by lawmakers to regulate FAANGS in the area of privacy. Covered in the next section are insights into the three draft proposals, including their expected impact.
Innovative and Ethical Data Use Act of 2018
On January 28, 2019, Intel Corporation released a revised draft of its Innovative and Ethical Data Use Act, with a final version released in May 2019. The proposed bill features both oral and written testimonies of David Hoffman, Intel's global privacy and security policy chief.
Non-compliance with the proposed draft, if enacted, would result in penalties not exceeding $1 million and a maximum sentence of ten years. Likewise, civil penalties of $16,500 per individual with a limit of $1 million shall also be imposed on organizations violating the privacy policies the draft is advocating.
The draft discussion seeks to elicit views from the public by encouraging participation, feedback, and collaboration from all parties involved. The discussion draft also serves as a resource key decision-makers can rely on to rebalance the current policies around the privacy ecosystem to favor consumers.
On February 26, 2019, Nuala O’Connor, President and CEO
— Center for Democracy & Technology testified before the House of Representatives. In this regard, the draft proposal is currently in the House of Representatives stage, in the legislation process.
The CRISPI Act
The Consumer Rights, Integrity, Safety, and Privacy in Information (CRISPI) Act proposed by Castilleja School during its global week seeks to strike a balance between users’ privacy rights and progressive economic growth. The proposed draft allows users to check their data and to understand how the company uses the data.
According to the proposals, companies must explicitly state how they will use consumers' data before starting to collect the data. On that note, consumers will have the option to opt-out of data tracking, while still retaining the ability to use most of the company's application or services online.
There has not been any other publication regarding this proposed draft since early 2019, an indicator that the draft might have been dropped or is dead.
A review of a research report by the Brookings Institution on proposed drafts for data and security privacy featured several examples of proposed laws, including all the examples examined above. However, additional searches on each proposal were conducted to uncover more in-depth data regarding these proposals, including details about their impacts on both the consumers and the industry as a whole. Overall, the three proposed drafts above feature a quick summary of what each proposal entails and its expected impact on consumers and the industry.
Digital Privacy Legislation Proposals Part 2
The American Data Dissemination (ADD) Act, the Internet Bill of Rights, and the Designing Accounting Safeguards to Help Broaden Oversight And Regulations on Data Act, are three additional examples of digital privacy legislation proposals that are currently in different stages of the legislation process. Overviews of each proposed bill are discussed below, including the impacts of each proposed bill if enacted.
The draft proposal is currently in the Senate Committee on Commerce, Science, and Transportation, according to the latest later by Senator Marco Rubio, to the committee urging them to consider the draft.
An examination of recent posts on leading national newspapers and magazines, along with reports published by leading institutions such as the Brookings Institution, contained examples of digital privacy legislation proposals examined above. Equally, your research team relied on government data to find more examples of proposed bills aimed at regulating FAANGS (Facebook, Apple, Amazon, Netflix, and Alphabet's Google), especially in the area of privacy. Some third-party resources utilized in the search include GeekWire and Vox.com. Overall, insights into the proposed bills examined above are provided and the impacts these bills will have on the consumers and the internet economy.