New Bill Would Let The FTC Set, Enforce Minimum Data Privacy Standards

Senator Ron Wyden introduced the Mind Your Own Business Act to hold tech companies accountable for privacy violations. The bill aims to give consumers control over their data, require transparency from companies, and impose penalties on executives who lie about privacy practices. Wyden criticizes big tech, particularly Facebook, for not taking privacy seriously. The bill also proposes FTC fines and a national do not track system.

What is the primary goal of the Mind Your Own Business Act introduced by Senator Ron Wyden?

• To promote tech innovation

• To hold tech companies accountable for privacy violations

• To increase government surveillance

• To reduce taxes for tech companies

What does the bill require companies to do regarding user data?

• Ignore user privacy concerns

• Sell data to advertisers

• Be transparent about data usage and sharing

• Share data with third parties

What consequence does the bill propose for executives who lie about privacy practices?

• A warning letter

• A small fine

• Community service

• Jail time

What percentage of a company's annual revenue can the FTC fine for privacy violations under the bill?

• 1%

• 4%

• 2%

• 3%

What system does the bill propose to help consumers opt out of data tracking?

• A national do-not-track system

• A data sharing agreement

• A privacy policy update

• A user feedback form