House GOP Unveils Landmark Comprehensive Privacy Draft Alongside GLBA Proposal

Key Points

• House Republicans have unveiled their long-awaited comprehensive privacy draft, the SECURE Data Act, alongside GLBA modernization legislation following a year-long stakeholder-driven process though without Democratic involvement.
• The Act would preempt state laws and regulations relating to its provisions and would be enforced by the FTC and state attorneys general. The measure does not authorize private rights of action. These provisions are expected to be sticking points for Democrats as the measure advances. The SECURE Data Act would create a nationwide privacy framework, establishing a new set of consumer rights applying to large data processors, imposing controller/processor obligations, requiring opt-in consent for sensitive data (including teens), and establishing a data broker registry.