Secretary of Commerce Penny Pritzker has released an exit memo in which she reflects on "past progress" and lays a "road map for the future," taking a particular look at the EU-U.S. Privacy Shield. "The digital economy cannot flourish if consumers and businesses do not trust their privacy and security online," she writes. "The Department’s successful completion of the E.U.-U.S. Privacy Shield framework provides U.S.-based companies with a reliable mechanism for data transfers between the European Union and the United States while maintaining rigorous privacy standards." She adds, "This framework is essential to supporting the more than $260 billion in cross-Atlantic digital services trade occurring annually."
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