Lawmakers Introduce Bills to Establish National Data Privacy Standards
Two new data privacy bills, the SECURE Data Act and the GUARD Financial Data Act, are set to be introduced in Congress. These bills aim to create a national standard for how technology and financial companies handle user data, preempting nearly two dozen state laws. The SECURE Data Act focuses on technology companies, while the GUARD Financial Data Act targets financial services businesses. House Energy and Commerce Chair Brett Guthrie and House Financial Services Chair French Hill are supporting these bills, which are expected to gain momentum for votes next month. The proposed legislation would allow individuals to access, correct, or delete their personal data and opt out of targeted ads and data sales. However, the bills do not permit individuals to sue companies over data privacy violations, a point of contention for some Democratic lawmakers.