No.
Regardless of whether a federal privacy law is enacted, regulators already expect organizations to maintain operational privacy controls under existing federal and state requirements. Operationally, businesses that develop governance systems today will generally adapt more efficiently to future legislative changes than organizations waiting for legal certainty before improving their compliance programs.
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This FAQ is provided for general informational purposes only and is not legal advice. It is intended as a starting point for understanding the issues discussed and should not be relied on as a substitute for advice from qualified legal counsel.