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USA: House Energy Committee approves $1B to create new privacy bureau at FTC

The Electronic Privacy Information Center ('EPIC') announced, on 14 September 2021, that the U.S. House Committee on Energy and Commerce has approved a $1 billion fund to the Federal Trade Commission ('FTC') in order to set up a privacy bureau dedicated to improving data security and privacy and fighting identity theft.

The initiative was already announced on 9 September 2021 as part of a full Committee markup on legislative recommendations for its budget reconciliation instructions, and it has now been approved by the Committee. In particular, the proposal was included in the Committee Prints §31501 of Subtitle O: Budget Reconciliation Legislative Recommendations Relating to Federal Trade Commission Privacy Enforcement of Title III ('Subtitle O').

Lastly, the privacy bureau will deal with unfair or deceptive acts or practices relating to privacy, data security, identity theft, data abuses, and related matters.

You can read the press release here, and Subtitle O here.