President Obama announced new Federal privacy and consumer protection initiatives. These initiatives include three legislative proposals, which are designated to address issues concerning consumers' privacy, data security, identity theft and education privacy:
- The Personal Data Notification & Protection Act – which aims to create a federal data breach notification law;
- The Student Digital Privacy Act – which will place restrictions on the use and sale of student data for the purpose of targeted advertising; and
- Consumer Privacy Bill of Rights Legislation – the aim of which is to establish guidelines as to the use and collection of personal information and the rights of individuals with regard to their personal information.
We are continuing to monitor these proposals and will provide additional updates regarding these developments as they occur.