Rules could impact large technology companies.
The Federal Trade Commission is beginning to write federal rules to expand online privacy protections. If they are adopted, the rules could impose significant new responsibilities on businesses that handle consumer data, including potentially barring certain kinds of data collection practices. Large technology companies could be particularly impacted by the new rules.
New FTC rules could take years to enact, and the commission could follow several different paths to achieving them. One option would be to declare certain data collection practices unfair or deceptive, using its authority to police that conduct.
Senator Roger Wicker of Mississippi, the ranking member of the Senate Committee on Commerce, Science, and Transportation, said, “To get real consumer data privacy protections, Congress must act. FTC commissioners have acknowledged that legislation, not regulation, is the preferred way to achieve these protections.” Senator Wicker is a cosponsor of the American Data Privacy and Protection Act which has not yet advanced through the committee.
As the Lord Leads, Pray with Us…
- For Senator Wicker as he seeks to improve privacy for Americans.
- For Chair Lina Khan as she oversees the drafting of rules in the Federal Trade Commission.
- For the president and his economic advisors as they seek to increase privacy regulations.
Sources: Wall Street Journal, Market Watch, Senate Commerce Committee
