In the recent omnibus foreign relations package signed by President Biden on April 24, 2024, includes the Protecting Americans’ Data from Foreign Adversaries Act of 2024 (“the Act”), a set of sweeping privacy provisions prohibiting U.S. data brokers from sharing “sensitive personal information” with a broad range of businesses that may have ties to Russia, China, Iran, and North Korea. The Federal Trade Commission (“FTC”) will enforce these prohibitions and will seek civil penalties for violations. The provision takes effect 60 days after the date of enactment of the Act – July 2024.
Money to Other Countries and US Rights Restrictions – Data Broker Restrictions Signed Into Law
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