The data brokers Congress forgot to regulate
Summary
Two proposed laws, the SECURE Data Act and the GUARD Financial Data Act, aim to regulate companies that collect and sell personal information, known as data brokers. However, both laws still have gaps that may not fully protect people's personal data from being misused.Key Facts
- Data brokers collect, buy, and sell people's personal information.
- Currently, there is little federal law controlling how data brokers use this information.
- The SECURE Data Act is a proposed law targeting data brokers' practices.
- The GUARD Financial Data Act is another proposed law focused on financial data protection.
- Both bills try to offer more consumer protections than currently exist.
- Despite these laws, important gaps remain in fully protecting personal data.
- The bills have not yet become law.
- These laws are part of ongoing efforts to improve data privacy rules in the United States.
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