I read this and immediately thought "oh shit, yet another regulation for a small bootstrapped software business where we try to be honest while the big guys will still find a way to circumvent it". Thankfully, I looked into the fine print and was wrong. This bill is only for Corporations that do over $50,000,000 in revenues or higher OR (EDITED from AND) have info on at least 1,000,000 or more customers. Of course, I don't mean to imply that smaller tech. companies are all saints but this bill clearly seems to be drafted for the bigger fishes who are powerful enough to blatantly ignore privacy laws.
EDIT: I clarified one thing user downandout pointed that it could apply to App developers who may have a million users as well but overall, it should not affect bootstrappers or smaller tech. businesses that don't have that high amount of consumer data so my overall point still remains.
EDIT: I clarified one thing user downandout pointed that it could apply to App developers who may have a million users as well but overall, it should not affect bootstrappers or smaller tech. businesses that don't have that high amount of consumer data so my overall point still remains.
Below is the link to the details on this bill:
https://www.wyden.senate.gov/news/press-releases/wyden-relea...