Wednesday, March 29, 2006

House Panel Approves Data Protection Bill

Grant Gross writes on InfoWorld:

A U.S. House of Representatives committee has unanimously approved a bill that would create new regulations for so-called data brokers, including a requirement that U.S. companies that traffic in personal data notify victims of breaches.

The House Energy and Commerce Committee's 41-0 approval of the Data Accountability and Trust Act comes a year after the beginning of a rash of data breaches at dozens of U.S. companies, starting with data brokers ChoicePoint Inc. and LexisNexis. The bill, which now goes to the full House for a vote, requires any company that "experiences reasonable risk of identity theft" to notify potential victims as well as the U.S. Federal Trade Commission (FTC).

More here.

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