Purchased Data Inventory Act

Bill 118 s 2292, also known as the Purchased Data Inventory Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to require federal agencies to maintain an inventory of the data they purchase from third-party sources.

The bill aims to increase transparency and accountability in the use of data by federal agencies. By requiring agencies to keep track of the data they purchase, the bill seeks to ensure that taxpayer dollars are being spent wisely and that the data being used is accurate and reliable.

Additionally, the Purchased Data Inventory Act includes provisions to protect the privacy and security of the data being purchased. It requires agencies to assess the risks associated with the data they acquire and to take steps to mitigate those risks. This is important in an age where data breaches and privacy concerns are becoming increasingly common. Overall, the Purchased Data Inventory Act is a bipartisan effort to improve the way federal agencies handle and use data. By requiring agencies to maintain an inventory of the data they purchase and to take steps to protect that data, the bill aims to increase transparency, accountability, and data security within the federal government.