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New Rules for Data-Collecting Companies: More Control Over Your Data

This act introduces new obligations for large online companies that collect your data. They will have to inform you about the value of your data and allow for easy deletion. This aims to increase your control over how companies use your personal information.
Key points
Companies will be required to regularly inform you about the estimated economic value of your data they hold.
You will have the right to easily delete all your data held by companies, with a few exceptions.
Companies must disclose what types of data they collect and how it is used, especially if not directly related to the service provided.
Large online companies will have to publicly disclose the aggregate value of user data they hold, potentially impacting their market valuation.
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Additional Information
Print number: 117_HR_7120
Sponsor: Rep. Foster, Bill [D-IL-11]
Process start date: 2022-03-17