On September 4, 2018, the Commerce Department's National
Institute of Standards and Technology (NIST) announced that it
"has launched a collaborative project to develop a voluntary
privacy framework to help organizations manage risk." Based on
the model of NIST's Cybersecurity Framework, the Privacy
Framework will be designed to help organizations "better
identify, assess, manage, and communicate privacy risks; foster the
development of innovative approaches to protecting individuals'
privacy; and increase trust in products and services."
The NIST effort comes as the Commerce Department's National
Telecommunications and Information Administration (NTIA) is
developing a "domestic legal and policy approach for consumer
privacy" in coordination with the Department's
International Trade Administration to ensure consistency with
international policy objectives. NTIA is expected to solicit public
input on its project later this month.