
Last week, the House Energy and Commerce and Financial Services Committees announced a joint effort to advance two new data privacy bills: the Securing and Establishing Consumer Uniform Rights and Enforcement over Data Act (the SECURE Data Act) and the Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act (the GUARD Financial Data Act).
(At minimum, points to Congress for the acronyms).
If you have been watching federal privacy legislation over the past few years, the SECURE Data Act alone may not inspire much excitement. Congress has been attempting comprehensive federal privacy legislation for years without much success, and this bill follows that tradition of ambition. That said, the SECURE Data Act is the result of over a year of work by the House Energy and Commerce Data Privacy Working Group and contains a few notable developments worth paying attention to. This package also includes a serious, targeted effort to modernize the Gramm-Leach-Bliley Act (the GLBA) through the GUARD Financial Data Act.
Below, we overview both bills, briefly explain why comprehensive federal privacy legislation has historically stalled, and discuss what this means for businesses today.
Continue Reading A New Push for Federal Privacy Law: What to Know About SECURE and GUARD







