The Brookings Institution reports on the differences between the New York Privacy Act and the California Consumer Privacy Act and why the two bills will impact the chances of a federal U.S. privacy law. While the laws share similarities, the New York bill includes a private right of action and does not have a revenue threshold. As the states represent more than 20% of the U.S. economy, companies and lawmakers have begun to look at an all-encompassing federal rule. “But even as the introduction of each new state law deepens the need for a federal standard, a proliferation of state laws could prolong the debate over national regulation,” the report states. “Each novel protection enumerated by states changes the policy landscape for federal lawmakers deciding whether national regulation should curtail, match, or extend state protections.”
Full Story