House Republicans release pair of bills to preempt state privacy laws
House Republicans have introduced two bills aimed at creating a national standard for data privacy, preempting existing state regulations. The bills would require tech firms and financial institutions to limit consumer data collection and give consumers rights to access and delete their data.
House Republicans have introduced two bills to create a national standard for data privacy, overriding state regulations. The SECURE Data Act and GUARD Financial Data Act aim to simplify the current patchwork of state laws. The legislation would require tech firms and financial institutions to limit consumer data collection to only what is necessary. Consumers would have the right to access a copy of their data, request its deletion, and opt-in for sensitive data sharing. The bills are backed by GOP leaders from the House Energy and Commerce Committee and the House Committee on Financial Services. The legislation seeks to promote competition and increase consumer choice by making it easier for firms to operate across the country.
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