Lawmakers Propose National Data Privacy Standards to Override State Laws
Lawmakers are introducing two bills aimed at creating a national data privacy standard for tech and financial services, preempting state laws in over 20 states. The bills, supported by House Energy and Commerce Chair Brett Guthrie and House Financial Services Chair French Hill, seek to unify data privacy regulations and limit how companies handle user data. The measures would not allow individuals to sue companies for data privacy violations.
Topics: data privacy federal legislation financial services state laws tech regulation