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A new data privacy bill threatens large tech firms, like Facebook, with tough penalties – including monetary fines and up to 20 years of jail time for executives – if they violate user privacy policies.
The “Mind Your Own Business Act,” proposed by Sen. Ron Wyden (D-Ore.) on Thursday, gives the Federal Trade Commission (FTC) the ability to establish privacy and security standards for tech platforms.
April 30, 2024
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