It’s only a matter of time before the United States passes federal data privacy legislation, according to BDO Partner and Governance, Risk & Compliance Practice Leader Karen Schuler, CIPP/E, CIPP/US, CIPM, FIP, who writes that such a law would be beneficial for the U.S. “Uncertainty remains about some provisions of a federal privacy law, and there will be more debate on key aspects ahead,” Schuler writes. “Nevertheless, a clear and consistent U.S. framework for data privacy would have significant advantages for businesses and consumers alike.”
Federal privacy laws are beneficial to organizations and consumers. Here are a few reasons:
- Business Abroad: With the invalidation of the EU-U.S. Privacy Shield by the Court of Justice of the European Union in July 2020, federal privacy regulation would strive to meet the adequacy requirements of the GDPR and other comprehensive privacy frameworks abroad.
- Compliance: Federal privacy legislation would help businesses clearly understand their specific obligations for achieving compliance.
- Data Protection: Consumers will have more control over their personal data. Businesses will have a legal standard for how to collect, store, use and share data.
