The Los Angeles Times reports California Democrats have reached a tentative agreement with real estate mogul Alastair Mactaggart that would "enact major new consumer privacy rules in exchange for the withdrawal" of a robust privacy initiative that was set to go on the November ballot. According to the report, the deal is "contingent on legislation passing both houses and getting signed by Gov. Jerry Brown" before the June 28 deadline for the finalization of the November ballot. In a statement, Mactaggart said the proposed bill is "substantially similar to our initiative ... It gives more privacy protection in some areas, and less in others." The compromise legislation was released Thursday night and would permit some data sharing between companies, provide consumers with the right to have their data erased, and prevent companies from selling data on users under 16 years of age.
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