Oregon Senator Ron Wyden today revealed a new privacy bill that will bring accountability to corporations that does not handle user’s private data as expected. Here are the key highlights of his bill:
- Consumers will get a single click feature to opt out of data collection.
- Corporations should reveal how the data is collected, used and sold.
- FTC can impose fines of up to 4 percent of annual revenues on companies that fail to protect consumer data.
- 10-20 year prison sentences for senior executives who knowingly lie to the FTC.
Ron Wyden said the following regarding his new bill:
“Mark Zuckerberg won’t take Americans’ privacy seriously unless he feels personal consequences, a slap on the wrist from the FTC won’t do the job, so under my bill he’d face jail time for lying to the government.”
In the past few years, some of the largest technology companies including Google and others have spent more than half a billion dollars lobbying Congress. Hence, I’m sure that Senator Ron’s bill will be easily defeated. You can learn more about this bill from the source link below.