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New Data-Sharing Agreement Reached with the EU

The United States recently struck a new data-sharing agreement with the European Union. Although nothing is final, the deal hopes to replace the 15-year-old Safe Harbor Plan that the EU recently overturned as being inadequate and defective. The previous Safe Harbor plan required US companies to self-certify that they were in compliance with the EU’s more rigorous privacy protection laws for data transfer. The revised plan will require the US government and the over 4,000 affected companies to be monitored by the Federal Trade Commission and the Commerce Department to ensure they are following the EU’s regulations.
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