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Protecting Privacy in Purchases Act
4/24/2024, 6:11 AM
Summary of Bill S 4075
Bill 118 s 4075, also known as the Protecting Privacy in Purchases Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to enhance consumer privacy and security by regulating the collection and use of personal information during commercial transactions.
If passed, the Protecting Privacy in Purchases Act would require businesses to obtain explicit consent from consumers before collecting or sharing their personal information during a purchase. This includes information such as credit card numbers, addresses, and other sensitive data that could be used for identity theft or fraud.
Additionally, the bill would mandate that businesses implement strict security measures to protect the personal information of their customers. This includes encryption protocols, data breach notification requirements, and penalties for non-compliance. Overall, the Protecting Privacy in Purchases Act aims to give consumers more control over their personal information and ensure that businesses are held accountable for safeguarding this data. It is currently being debated in Congress and has garnered support from both sides of the aisle for its efforts to protect consumer privacy in an increasingly digital world.
If passed, the Protecting Privacy in Purchases Act would require businesses to obtain explicit consent from consumers before collecting or sharing their personal information during a purchase. This includes information such as credit card numbers, addresses, and other sensitive data that could be used for identity theft or fraud.
Additionally, the bill would mandate that businesses implement strict security measures to protect the personal information of their customers. This includes encryption protocols, data breach notification requirements, and penalties for non-compliance. Overall, the Protecting Privacy in Purchases Act aims to give consumers more control over their personal information and ensure that businesses are held accountable for safeguarding this data. It is currently being debated in Congress and has garnered support from both sides of the aisle for its efforts to protect consumer privacy in an increasingly digital world.
Congressional Summary of S 4075
Protecting Privacy in Purchases Act
This bill prohibits payment card networks from using merchant codes that distinguish firearms retailers from other retailers.
The Department of Justice must enforce this bill and report annually on the resulting investigations and cases.
Read the Full Bill
Current Status of Bill S 4075
Bill S 4075 is currently in the status of Bill Introduced since April 8, 2024. Bill S 4075 was introduced during Congress 118 and was introduced to the Senate on April 8, 2024. Bill S 4075's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of April 8, 2024
Bipartisan Support of Bill S 4075
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
6Democrat Cosponsors
0Republican Cosponsors
6Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 4075
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 4075
Protecting Privacy in Purchases Act
Protecting Privacy in Purchases Act
A bill to prohibit payment card networks and covered entities from requiring the use of or assigning merchant category codes that distinguish a firearms retailer from a general merchandise retailer or sporting goods retailer, and for other purposes.
A bill to prohibit payment card networks and covered entities from requiring the use of or assigning merchant category codes that distinguish a firearms retailer from a general merchandise retailer or sporting goods retailer, and for other purposes.
Comments
Sponsors and Cosponsors of S 4075
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