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U.S. lawmakers to unveil bill barring U.S. data flows to high-risk countries

By Alexandra Alper and David Shepardson WASHINGTON (Reuters) - A bipartisan group of U.S. senators plans to introduce legislation on Thursday that would give the Biden...
U.S. lawmakers to unveil bill barring U.S. data flows to high-risk countries © Reuters. FILE PHOTO: A computer network cable is seen above a Chinese flag in this July 12, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo

By Alexandra Alper and David Shepardson

WASHINGTON (Reuters) - A bipartisan group of U.S. senators plans to introduce legislation on Thursday that would give the Biden administration the power to block exports of U.S. personal data to countries like China that they say pose national security risks.

The bill, cosponsored by Finance Committee chair Ron Wyden, a Democrat, and Marco Rubio, the top Republican on the U.S. Senate Intelligence Committee, aims to protect Americans’ sensitive personal information from being sold or transferred to high-risk foreign countries.

"Right now it’s perfectly legal for a company in China to buy huge databases of sensitive information from data brokers about the movements or health records of millions of Americans, and then share that information with the Chinese government," Wyden said in a statement announcing the legislation. "That’s a huge problem for our country’s security."

The bill, which is modeled on a discussion draft released by Wyden last year, would direct the Secretary of Commerce to identify categories of personal data that, if exported, could harm U.S. national security.

If approved, the bill would also direct the Commerce Department to require licenses for bulk exports of the identified categories of personal data to other countries, and deny exports to high-risk countries. Data exports to low-risk countries would be unrestricted, according to a summary of the bill.

While the bill does not specifically list China as a high- risk country, it is an intended target according to a Wyden aide. The Chinese Embassy in Washington did not immediately comment.

Other cosponsors include senators Cynthia Lummis, Sheldon Whitehouse and Bill Hagerty.

The move comes amid heightened scrutiny of U.S. data flows to China. Last month, Reuters reported that the Biden administration had drafted an executive order that would give the Justice Department vast powers to stop foreign adversaries like China from accessing Americans' personal data.

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

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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
 Natural Gas6.416↑ Sell
 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
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,810/ 6,870
(5/ 5) # 1,764
SJC HCM6,830/ 6,890
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JPY165,73175,46
KRW15,5118,90
Cập nhật lúc 18:51:16 30/06/2022
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