Congress Advances New Federal Privacy Frameworks; RETTC Submits Feedback

Rundown
Congressional efforts to establish a national consumer privacy framework gained momentum this month with the introduction of several significant proposals in both the House and Senate. House lawmakers unveiled the SECURE Data Act and the GUARD Financial Data Act as a coordinated package designed to create new federal privacy standards for both the broader economy and the financial services sector. Separately, Sen. Jerry Moran introduced the Consumer Data Privacy and Security Act, a comprehensive Senate proposal aimed at creating a nationwide privacy and data security framework.