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U.S. panel votes to approve $1 billion for FTC privacy probes

U.S. panel votes to approve $1 billion for FTC privacy probes

The Hindu
Wednesday, September 15, 2021 05:41:19 AM UTC

The FTC, which enforces antitrust law, has picked up the job of pushing corporations to better protect consumer data and privacy as it enforces rules against deceptive practises.

The U.S. House Energy and Commerce Committee voted on Tuesday to give the Federal Trade Commission $1 billion to set up a bureau dedicated to improving data security and privacy and fighting identity theft.

(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.)

The proposal, which Democrats included in a $3.5 trillion spending measure, would fund a new bureau over 10 years to address “unfair or deceptive acts or practises relating to privacy, data security, identity theft, data abuses, and related matters,” according to a summary released by the panel.

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