By mandating data brokers to register, the bill aims to create a more organized system that allows consumers to understand who is collecting their data and how it is being used. It obligates the Attorney General to maintain a public registry, ensuring that the registration information is accessible which assists consumers in protecting their personal information. The establishment of the Data Broker Registry Fund underscores the legislative intent to allocate resources specifically for monitoring and enforcing these new requirements.
Summary
SB3516 introduces amendments to the Personal Information Protection Act, establishing a registry for data brokers operating in Illinois. Under the bill, data brokers are required to register with the Illinois Attorney General annually by January 31. This registration will involve a fee and the provision of specific information, which includes business addresses and details about the types of personal information collected from consumers. The intent of the bill is to enhance transparency and accountability among data brokers in the handling of personal information.
Contention
Some concerns may arise regarding potential burdens placed on smaller data brokers in meeting the registration requirements. Moreover, there are considerations related to the balance between enforcing data privacy and enabling legitimate data brokerage business practices. Proponents argue that increased regulation is necessary to safeguard consumer rights, while critics argue it might hinder data-driven services that rely on the collection and analysis of personal information.