Thursday, June 28, 2018

"Major Privacy Bill Races Through California Legislature" (GOOG; FB)

Following up on yesterday's "California Has 24 Hours to Pass This Privacy Bill or Else".
From SF Weekly:
If California lawmakers fail to boost consumer privacy rights by Thursday evening, a measure on the November ballot will.

California lawmakers on Thursday are racing to pass a privacy bill — not simply because they can’t wait any longer to give consumers more rights, but so an impenetrable November ballot measure doesn’t beat them to it.

If Gov. Jerry Brown fails to sign the California Data Privacy Protection Act on Thursday by 5 p.m., a ballot measure with similar protections would remain on the November ballot and any changes to the law would be tough to do on their terms. By noon, it passed the Senate.

Alastair Mactaggart, a Bay Area developer who put over $1 million behind the initiative that he wrote, said he would pull it from the November ballot if it was signed into law on Thursday — the last day to do so. So bill spent the day racing through Assembly committees and the Senate floor to meet the deadline.

In addition to boosting consumers’ legal right to know what happens to their personal information, the measure would require businesses to disclose if it sells that information and outright stop if that consumer tells it to. It also prevents companies from charging fees for such requests or from discriminating against them.

While companies like Google, Facebook, Verizon, and Comcast contributed money to fight the ballot measure, they haven’t fought lawmakers on the proposed bill....MORE
Earlier this morning The Intercept reported:
Google and Facebook Are Quietly Fighting California’s Privacy Rights Initiative, Emails Reveal

Always keeping in mind Nobelist George Stigler and his contention that regulation tends to favor and entrench incumbents.