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DASHBOARD Act of 2022
12/29/2022, 10:03 PM
Summary of Bill HR 7120
The DASHBOARD Act of 2022, also known as Bill 117 hr 7120, is a piece of legislation introduced in the US Congress aimed at increasing transparency and accountability in the tech industry. The bill requires large tech companies to disclose detailed information about the data they collect from users, how it is used, and with whom it is shared.
Specifically, the DASHBOARD Act mandates that companies with over 100 million monthly active users must provide users with a clear and easily accessible dashboard that shows the types of data collected, how it is used for targeted advertising, and any third parties with whom the data is shared. This information must be updated on a quarterly basis and made available in a machine-readable format for researchers and regulators to analyze.
The bill also includes provisions to protect user privacy, such as requiring companies to obtain explicit consent from users before collecting sensitive information like geolocation data or browsing history. Additionally, companies must provide users with the option to opt out of data collection and delete their data upon request. Overall, the DASHBOARD Act of 2022 aims to empower consumers with more control over their personal data and hold tech companies accountable for their data practices. It is currently being debated in Congress and has garnered support from both Democrats and Republicans who are concerned about the growing influence of big tech companies in the digital economy.
Specifically, the DASHBOARD Act mandates that companies with over 100 million monthly active users must provide users with a clear and easily accessible dashboard that shows the types of data collected, how it is used for targeted advertising, and any third parties with whom the data is shared. This information must be updated on a quarterly basis and made available in a machine-readable format for researchers and regulators to analyze.
The bill also includes provisions to protect user privacy, such as requiring companies to obtain explicit consent from users before collecting sensitive information like geolocation data or browsing history. Additionally, companies must provide users with the option to opt out of data collection and delete their data upon request. Overall, the DASHBOARD Act of 2022 aims to empower consumers with more control over their personal data and hold tech companies accountable for their data practices. It is currently being debated in Congress and has garnered support from both Democrats and Republicans who are concerned about the growing influence of big tech companies in the digital economy.
Congressional Summary of HR 7120
Designing Accounting Safeguards to Help Broaden Oversight And Regulations on Data Act of 2022 or the DASHBOARD Act of 2022
This bill requires commercial data operators (i.e., large consumer online services providers or data brokers) to disclose to users what types of user data are collected, and the usage and value of that data. Commercial data operators must also provide users with a way to delete this data. Violations of these requirements are enforced by the Federal Trade Commission.
Commercial data operators that issue securities must report the value of their user data and the value of any third-party contracts made for the collection of user data.
Read the Full Bill
Current Status of Bill HR 7120
Bill HR 7120 is currently in the status of Bill Introduced since March 17, 2022. Bill HR 7120 was introduced during Congress 117 and was introduced to the House on March 17, 2022. Bill HR 7120's most recent activity was Referred to the Subcommittee on Consumer Protection and Commerce. as of March 18, 2022
Bipartisan Support of Bill HR 7120
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7120
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HR 7120
DASHBOARD Act of 2022
DASHBOARD Act of 2022
Designing Accounting Safeguards to Help Broaden Oversight And Regulations on Data Act of 2022
To require the Securities and Exchange Commission to promulgate regulations relating to the disclosure of certain commercial data, and for other purposes.
Comments
Sponsors and Cosponsors of HR 7120
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