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Online privacy bill easily passed by U.S. House panel

By Diane Bartz WASHINGTON (Reuters) - A U.S. House of Representatives panel passed a bipartisan online privacy bill on Thursday that aims to limit the collection of personal data,...
Online privacy bill easily passed by U.S. House panel © Reuters. FILE PHOTO: People look at data on their mobiles as background with crowd of people walking is projected in this illustration picture taken on May 30, 2018. REUTERS/Kacper Pempel/Illustration//File Photo

By Diane Bartz

WASHINGTON (Reuters) - A U.S. House of Representatives panel passed a bipartisan online privacy bill on Thursday that aims to limit the collection of personal data, though doubts remain as to whether it will become law.

The bill would require companies like Alphabet (NASDAQ:GOOGL)'s Google and Meta's Facebook (NASDAQ:META), along with a long list of others, to only collect personal data that is necessary to provide services. Sensitive information like Social Security numbers would get even more protection.

The measure easily passed a House Energy and Commerce subcommittee on a voice vote. It now goes to the full committee.

Previous attempts to pass privacy legislation were blocked by a buzzsaw of opposition from tech companies, who provide free services by using consumer data for advertising. Much of the debate over these bills focused on whether federal legislation would preempt state laws, which are sometimes stronger, or whether individuals would be allowed to sue in the case of privacy violations.

The fate of the bill is uncertain given that it faces criticism from powerful Senate Democrats, including Senator Maria Cantwell who doesn't believe the bill's enforcement is strong enough.

Lead sponsors are Energy and Commerce Committee Chair Frank Pallone along with Representative Jan Schakowsky, both Democrats, as well as Republican Representatives Cathy McMorris Rodgers and Gus Bilirakis.

"Today's markup is another milestone towards our ultimate goal of enacting meaningful national privacy legislation," said Pallone.

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30-06-2022 19:59:51 (UTC+7)

EUR/USD

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 EUR/USD1.0399↑ Buy
 GBP/USD1.2123↑ Buy
 USD/JPY136.16Buy
 AUD/USD0.6894↑ Buy
 USD/CAD1.2904Neutral
 EUR/JPY141.59↑ Buy
 EUR/CHF0.9961Buy
 Gold1,824.55↑ Buy
 Silver20.552↑ Buy
 Copper3.7067↑ Buy
 Crude Oil WTI109.43↑ Buy
 Brent Oil112.08Buy
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 US Coffee C229.18↑ Sell
 Euro Stoxx 503,426.95↑ Sell
 S&P 5003,818.83↑ Buy
 DAX12,665.44↑ Sell
 FTSE 1007,152.25↑ Sell
 Hang Seng21,859.79Sell
 Small Cap 20001,719.37Neutral
 IBEX 358,021.50↑ Sell
 BASF40.120Neutral
 Bayer56.48Sell
 Allianz180.76Neutral
 Adidas167.01Neutral
 Lufthansa5.458↑ Sell
 Siemens AG97.81↑ Sell
 Deutsche Bank AG8.254↑ Sell
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SJC Eximbank6,810/ 6,870
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Cập nhật lúc 18:51:16 30/06/2022
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