U.S. Sen. Ron Wyden, D-Ore., has introduced legislation that imposes penalties on companies and executives who fail to protect consumer data, CNN reports. The Mind Your Own Business Act would put top executives behind bars for up to 20 years if their companies are caught lying to authorities about having misused Americans’ personal information. The proposed bill includes a "one-click" solution that would give consumers control over how their data is shared and privacy advocacy groups the right to sue companies for privacy violations. It also proposes special tax penalties tied to executive salary and empowers the Federal Trade Commission to fine companies up to 4% of annual revenues for violating the proposed law. Editor's Note: Senior Westin Fellow Müge Fazlioglu, CIPP/E, CIPP/US, has been following federal U.S. privacy legislation in this IAPP white paper.
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