A bipartisan Senate bill would tell you how much Facebook and Google make from your data

(CNN)Two US senators said they are introducing a bill on Monday that could force big tech companies to disclose how much money consumers’ personal information is worth to their businesses.

It represents the latest effort by Washington to ramp up the pressure on tech companies, who face scrutiny over their privacy practices, disinformation and misleading content, and allegations of anti-competitive behavior.
Under the bill, “commercial data operators” with more than 100 million monthly users must give public updates as to the total financial value of that user data, as well as the financial value of any third-party contracts the companies have signed that depends on that personal information.
    The bill also contains more familiar ideas, such as requiring companies to tell users what information they collect and to give consumers the ability to delete all or parts of their data from a service.
    Amazon, Facebook, Google and Twitter didn’t immediately respond to a request for comment. The bill was first reported by Axios.
    By providing more visibility into the tech companies’ businesses, the bill could help antitrust regulators determine whether the platforms may be harming competition, Warner said in a release — an early copy of which was reviewed by CNN.
    “The overall lack of transparency and disclosure in this market have made it impossible for users to know what they’re giving up, who else their data is being shared with, or what it’s worth to the platform,” Warner said.
    Hawley said tech companies “do their best to hide how much consumer data is worth and to whom it is sold.”
    “When a big tech company says its product is free, consumers are the ones being sold,” Hawley added.
      The bill is the Designing Accounting Safeguards to Help Broaden Oversight and Regulations on Data (DASHBOARD) Act.
      The two lawmakers are major critics of the tech industry and have piled on in the wake of a House antitrust investigation of the entire tech industry. Meanwhile multiple states, the Justice Department and the Federal Trade Commission have taken early steps toward kicking off their own company probes and a slew of Democratic presidential candidates have indicated they are open to a breakup of large tech platforms.

      Original Article : HERE ; The Ultimate Survival Food: The Lost Ways


      Latest Discounts
    • Use Easy Backlinks to save time, automate your website's content and engage your followers.
    • Get premium dividend data for stocks going ex-dividend each month.
    • Watch how magic submitter pushes you to the top of google sends you qualified traffic.
    • Get 50 Super High Quality Professionally Designed Facebook Fan Page Templates.
    • Make money with Facebook in an easy way, you can make up to 500 everyday from Facebook account.
    • Automate Your Sharing to Twitter, Facebook, Google, Instagram, Pinterest, LinkedIn..etc
    • Discover what really works online with two of the worlds top marketers.
    • Tick Data Suite is geared towards individuals who are not impressed by huge colored.
    • Befriend and seduce hot girls on Facebook now.
    • Put small animated peel image at the top corner right or left on webpage
    • Get Laid By Simply Activating a Woman's Natural Sexual Programming
    • learn how to make money from 8 to 800 per month using google adsense.
    • The Secret Tricks to make Tons of Social Media Likes and Followers in very short duration.
    • Learn How To Spot Iffy Sources And Recognize Author Bias.
    • Get The Top 12 Fat Burning Workout Challenge From Transformation Expert Jeremy Scott...
    • Tired of manually pulling emails from Facebook Try Facebook Follower Lead Capture Software.
    • 78 y.o. guy breaks the silence about how he generates 100 free electricity.
    • Discover The Simple Techniques To RAKING In The TRAFFIC and SALES Within Days From Now.
    • 100 Legitimate - Scam Free 2,500 Home Jobs Available.
    • The Best RSS Autoblog Tool For Blogger Blogspot Blog.
    • Clickbank Ads
       
       


      RELATED PRODUCTS
    • Get premium dividend data for stocks going ex-dividend each month.
    • Use Easy Backlinks to save time, automate your website's content and engage your followers.
    • Tick Data Suite is geared towards individuals who are not impressed by huge colored.
    • learn how to make money from 8 to 800 per month using google adsense.
    • Discover The Simple Techniques To RAKING In The TRAFFIC and SALES Within Days From Now.
    • Strategies To Grow Your Profits 100x and Crush Your Competition
    • The Best RSS Autoblog Tool For Blogger Blogspot Blog.
    • Automate Your Sharing to Twitter, Facebook, Google, Instagram, Pinterest, LinkedIn..etc
    • Discover what really works online with two of the worlds top marketers.
    • Befriend and seduce hot girls on Facebook now.
    • Watch how magic submitter pushes you to the top of google sends you qualified traffic.
    • Get The Top 12 Fat Burning Workout Challenge From Transformation Expert Jeremy Scott...
    • Put small animated peel image at the top corner right or left on webpage
    • Make money with Facebook in an easy way, you can make up to 500 everyday from Facebook account.
    • The Secret Tricks to make Tons of Social Media Likes and Followers in very short duration.
    • 78 y.o. guy breaks the silence about how he generates 100 free electricity.
    • Clickbank Ads