Intel Drafts Privacy Bill to Shield Firms from Fines

Intel Drafts Privacy Bill to Shield Firms from Fines

Chip giant Intel is reportedly seeking a sponsor in the US Congress for a privacy bill it had drafted that would protect tech firms from fines if they are able to commit to the FTC annually to protect consumer data.

While Intel itself does not collect much user data, it said that consumer pushback on privacy issues over the last five years has affected their business negatively.

Former White House senior adviser on privacy Marc Groman said that Intel’s proposal should be taken seriously, saying that safe harbor from fines were reasonable and that giving rulemaking authority to the FTC was critical.

Source: Reuters

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