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Thread: Senator Introduces Bill That Would Send CEOs To Jail For Violating Consumer Privacy

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    Senator Introduces Bill That Would Send CEOs To Jail For Violating Consumer Privacy

    Oregon Senator Ron Wyden has introduced the Consumer Data Protection Act that "would dramatically beef up Federal Trade Commission authority and funding to crack down on privacy violations, let consumers opt out of having their sensitive personal data collected and sold, and impose harsh new penalties on a massive data monetization industry that has for years claims that self-regulation is all that's necessary to protect consumer privacy," reports Motherboard. From the report:

    Wyden's bill proposes that companies whose revenue exceeds $1 billion per year -- or warehouse data on more than 50 million consumers or consumer devices -- submit "annual data protection reports" to the government detailing all steps taken to protect the security and privacy of consumers' personal information. The proposed legislation would also levy penalties up to 20 years in prison and $5 million in fines for executives who knowingly mislead the FTC in these reports. The FTC's authority over such matters is currently limited -- one of the reasons telecom giants have been eager to move oversight of their industry from the Federal Communications Commission to the FTC.

    "Today's economy is a giant vacuum for your personal information -- everything you read, everywhere you go, everything you buy and everyone you talk to is sucked up in a corporation's database," Wyden said in a statement. "But individual Americans know far too little about how their data is collected, how it's used and how it's shared."

    "It's time for some sunshine on this shadowy network of information sharing," Wyden said. "My bill creates radical transparency for consumers, gives them new tools to control their information and backs it up with tough rules with real teeth to punish companies that abuse Americans' most private information."
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

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    What data is not taken from these entities is given voluntarily by the people via social media and many other venues often promoted as for your protection.

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