New Bill Would Let The FTC Set, Enforce Minimum Data Privacy Standards

Senator Ron Wyden introduced the Mind Your Own Business Act to hold tech companies accountable for privacy violations. The bill aims to give consumers control over their data, require transparency from companies, and impose penalties on executives who lie about privacy practices. Wyden criticizes big tech, particularly Facebook, for not taking privacy seriously. The bill also proposes FTC fines and a national do not track system.

What is the main purpose of the Mind Your Own Business Act introduced by Senator Ron Wyden?

How does the bill aim to enhance consumer control over their data?

What specific actions does the bill require from tech companies regarding user data?

What penalties does the bill propose for corporate executives who lie about privacy?

What is the significance of the proposed national do not track system in the bill?