Relating to the regulation of certain business entities that act as data brokers.
Impact
If enacted, SB2121 will have a significant impact on state regulations surrounding personal data. It will extend the provisions of existing laws and enhance the requirements for data brokers, ensuring that they are derived from direct interactions with individuals whose data they process or transfer. This legislation will empower consumers by imposing stricter guidelines for data brokers, promoting ethical data practices and fostering an environment focused on consumer protection. The implementation of this bill may lead to a more empowered citizenry regarding their personal data rights.
Summary
Senate Bill 2121 focuses on the regulation of business entities that operate as data brokers. The bill amends the Business & Commerce Code to clarify the definition of a data broker and stipulate the conditions under which a data broker is subject to regulatory oversight. It aims to protect consumers by ensuring that businesses that primarily process or transfer personal data are held accountable for their practices. By redefining what constitutes a data broker, the legislation seeks to enhance transparency in the data brokerage industry.
Sentiment
The sentiment surrounding SB2121 appears to be largely positive, particularly among consumer protection advocates who support increased regulations on data brokers. Many legislators have underscored the importance of safeguarding personal data as a fundamental right. However, there is recognition of potential opposition from business entities that may find additional regulations burdensome. Overall, the discussions reflected a shared concern for consumer rights balanced with the challenges faced by businesses in adapting to these regulatory shifts.
Contention
One notable point of contention in the discussions of SB2121 pertains to the fine line between necessary regulation and excessive government intervention. Opponents may argue that the bill could create obstacles for legitimate business operations, while proponents dismiss such concerns in favor of prioritizing consumer rights. As the legislative process moves forward, this debate will likely continue to result in amendments or discussions addressing these differing perspectives, highlighting the complex dynamics at play in the regulation of data brokers.
Relating to the regulation of the collection, use, processing, and treatment of consumers' personal data by certain business entities; imposing a civil penalty.
Relating to the regulation of the collection, use, processing, and treatment of consumers' personal data by certain business entities; imposing a civil penalty.
Relating to the regulation of money services businesses; creating a criminal offense; creating administrative penalties; authorizing the imposition of a fee.
Relating to the review date for certain governmental entities subject to the sunset review process and the regulation of horse racing by the Texas Racing Commission.