New US Privacy Bill Would Intro Jail Time for CEOs

    Date18 Oct 2019
    CategoryGovernment
    1733
    Posted ByBrittany Day
    Cb38a90d 461b 498e Ae37 8956dcbfd1d9

    A US senator has introduced a new privacy bill which he claims goes further than the EU’s GDPR, introducing prison sentences for culpable CEOs. What is your opinion on this bill? Learn more:

     Introduced by Ron Wyden, the Mind Your Own Business Act would create a national “Do Not Track” system enabling consumers to stop companies from tracking them online, selling or sharing their data, or targeting ads based on personal information. 

    Like the GDPR, it would issue maximum fines of up to 4% of annual revenue to non-compliant firms, but unlike the EU law, could also levy 10-20 year criminal sentences for executives who knowingly lie to the FTC.

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