US panel votes to approve $1 billion for FTC privacy probes

FTC: Federal Trade Commission

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

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 practices relating to privacy, data security, identity theft, data abuses, and related matters,” according to a summary released by the panel.

The committee began work on the wide-ranging spending proposal on Monday and was continuing to work on Tuesday evening.

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 practices.

The team at Platform Executive hope you have enjoyed the ‘US panel votes to approve $1 billion for FTC privacy probes‘ article. Automatic translation from English to a growing list of languages via Google AI Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Diane Bartz. Editing by Richard Chang.

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