According to Bloomberg BNA, the EU-U.S. Privacy Shield framework could be approved by the European Commission in early July. The Privacy Shield is a successor framework to the Safe Harbor, which was invalidated by the European Court of Justice in October 2015. Certain provisions of the Privacy Shield documents, previously released by the European Commission on February 29, 2016, have been subjected to criticism by the Article 29 Working Party, the European Parliament and the European Data Protection Supervisor. According to Bloomberg BNA, the previously released draft adequacy decision, one of the Privacy Shield documents released on February 29, 2016, is expected to be modified.
Once approved by the European Commission, the Article 31 Commission also must approve the Privacy Shield before it comes into force.