The Business Roundtable recently provided an update concerning the progression of guidelines for consumer data privacy.
Officials said the Business Roundtable, comprised of CEOs of leading companies in all sectors of the economy, would soon release a policy framework on national privacy legislation.
“As technology and the digital economy have evolved so too has the regulatory landscape,” Business Roundtable officials wrote in comments submitted to the Commerce Department’s National Telecommunications and Information Administration (NTIA). “With the implementation of the European Union’s General Data Protection Regulation (GDPR), the recent enactment of new data protection laws in California and Brazil, and the development of a myriad of regulations at the state and local level and around the globe, data privacy regulations have grown more complex and fragmented.”
The group believes a national consumer privacy law should advance four important objectives – champion privacy and promote accountability; facilitate innovation; harmonize regulations, and achieve global interoperability.
During its NTIA submission, the Business Roundtable also outlined the components of a comprehensive national consumer privacy framework, including individual rights that consumers should have over their personal data, governance and accountability measures and an effective and consistent approach to enforcement.
The Business Roundtable is working across industries and sectors to develop a framework for legislation that strengthens protections for consumers, achieves greater transparency and enables innovation.