Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data
USA116th CongressHR-8512| House
| Updated: 10/2/2020
Bill Foster
Democratic Representative
Illinois
Cosponsors (1)
Financial Services Committee, Energy and Commerce Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data This bill requires commercial data operators (i.e., large consumer online services providers or data brokers) to disclose to users what types of user data are collected, and the usage and value of that data. Commercial data operators must also provide users with a way to delete this data. Violations of these requirements are enforced by the Federal Trade Commission. Commercial data operators that issue securities must report the value of their user data and the value of any third-party contracts made for the collection of user data.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Latest Companion Bill Action
S 116-1951Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-182.
Introduced in House
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Finance and Financial Sector
Administrative law and regulatory proceduresConsumer affairsFinancial services and investmentsInternet and video servicesInternet, web applications, social mediaMarketing and advertisingSecuritiesSecurities and Exchange Commission (SEC)
Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data
USA116th CongressHR-8512| House
| Updated: 10/2/2020
Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data This bill requires commercial data operators (i.e., large consumer online services providers or data brokers) to disclose to users what types of user data are collected, and the usage and value of that data. Commercial data operators must also provide users with a way to delete this data. Violations of these requirements are enforced by the Federal Trade Commission. Commercial data operators that issue securities must report the value of their user data and the value of any third-party contracts made for the collection of user data.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Latest Companion Bill Action
S 116-1951Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-182.
Introduced in House
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Bill Foster
Democratic Representative
Illinois
Cosponsors (1)
Financial Services Committee, Energy and Commerce Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresConsumer affairsFinancial services and investmentsInternet and video servicesInternet, web applications, social mediaMarketing and advertisingSecuritiesSecurities and Exchange Commission (SEC)