Tuesday, June 25, 2019
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Designing Accounting Safeguards to Help Broaden Oversight And Regulations on Data Act
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Gov. Phil Scott (R-VT) signed into law H.513, saying it "increases funding to the Connectivity Initiative, which provides access to internet services in unserved or underserved areas. Because communities have the best understanding of what they need, it enables the Vermont Economic Development Authority to lend money for build out by community groups. It also creates a new broadband innovation grant program, which will fund grassroots solutions for rural Vermont and provide communities with technical assistance from the Vermont Department of Public Service."
The bill had "strong support" from the House of Representatives and Senate, Gov Scott said, adding that all parties could agree "reliable broadband is important for economic growth, education, public safety and overall access to information, services and people all over the world."
Privacy
Sens Warner and Hawley Introduce Designing Accounting Safeguards to Help Broaden Oversight And Regulations on Data (DASHBOARD) Act
Sens. Mark Warner (D-VA) and Josh Hawley (R-MO) will introduce the Designing Accounting Safeguards to Help Broaden Oversight And Regulations on Data (DASHBOARD) Act, bipartisan legislation that will require data harvesting companies such as social media platforms to tell consumers and financial regulators exactly what data they are collecting from consumers, and how it is being leveraged by the platform for profit. As user data increasingly represents one of the most valuable, albeit intangible, assets held by technology firms, shining light on how this data is collected, retained, monetized, and protected, is critical. The DASHBOARD Act will:
- Require commercial data operators (defined as services with over 100 million monthly active users) to disclose types of data collected as well as regularly provide their users with an assessment of the value of that data.
- Require commercial data operators to file an annual report on the aggregate value of user data they’ve collected, as well as contracts with third parties involving data collection.
- Require commercial data operators to allow users to delete all, or individual fields, of data collected – and disclose to users all the ways in which their data is being used. including any uses not directly related to the online service for which the data was originally collected.
- Empower the SEC to develop methodologies for calculating data value, while encouraging the agency to facilitate flexibility to enable businesses to adopt methodologies that reflect the different uses, sectors, and business models.
Benton (www.benton.org) provides the only free, reliable, and non-partisan daily digest that curates and distributes news related to universal broadband, while connecting communications, democracy, and public interest issues. Posted Monday through Friday, this service provides updates on important industry developments, policy issues, and other related news events. While the summaries are factually accurate, their sometimes informal tone may not always represent the tone of the original articles. Headlines are compiled by Kevin Taglang (headlines AT benton DOT org) and Robbie McBeath (rmcbeath AT benton DOT org) — we welcome your comments.
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