Promoting Trust and Innovation in the Digital Economy
As business leaders representing every sector of the economy, we know that technology fosters economic growth and opportunity. Data and digital platforms are essential to competitiveness in today’s marketplace. We are committed to advancing policies that safeguard U.S. information and technology assets and protect consumer data while promoting innovation and growth in the digital economy.
Federal leadership is needed to establish a consistent, nationwide approach to virus monitoring and to ensure that any use of technology to trace and track the spread of the virus is effective, accurate, and deployed in a manner that protects individual privacy.
Business Roundtable calls on Congress to put in place uniform privacy and security safeguards for COVID-19 data. Business Roundtable has developed a set of privacy recommendations.
Today, American consumers do not feel in control of their personal data and how it is collected, used, shared – and protected. At the same time, U.S. privacy laws are highly fragmented across industries and jurisdictions, creating a patchwork of regulations, which hurts both consumers and companies.
That is why Business Roundtable members are calling on U.S. policymakers to adopt a national privacy law. The CEOs of America’s leading companies believe that such a law must strengthen protections for consumers and foster U.S. competitiveness and innovation while also addressing fragmentation and achieving some degree of interoperability with international privacy frameworks.
Working with companies from virtually every sector of the U.S. economy, Business Roundtable has developed a framework for legislation that establishes individual data privacy rights and provides clear obligations for how companies handle personal data by establishing a national standard for privacy.
Dive deeper into privacy issues.
This framework is a call to action: The United States should adopt a national privacy law that protects consumers by expanding their current rights and fosters U.S. competitiveness. The time to act is now.
Enhancing and sustaining consumer trust is vital for continued innovation and economic competitiveness. To achieve this, all companies must process personal data responsibly and with respect for individual consumers’ privacy.
Dive deeper into cybersecurity issues.
We believe that a flexible, technology-neutral, and risk-based Framework developed through active collaboration with industry is the most effective way to strengthen cybersecurity for all sectors of the U.S. economy.
Business Roundtable released the following statement regarding the Department of Homeland Security’s (DHS) recent commitment to improve public-private cybersecurity information sharing.
American businesses face an unprecedented level of attacks in cyberspace that continue to grow in severity, number, and sophistication each year. As cyber threats have continued to escalate, the value of the digital products and services that criminals are targeting has also grown. Digital technologies are essential to American life and commerce. The nation’s economic security depends on the ability of U.S. companies to effectively defend their networks, safeguard their data, and provide secure and resilient services. Business Roundtable recognizes that effective cybersecurity protection requires a strong partnership between the public and private sectors who together must prioritize cybersecurity policies and initiatives that enable better defense against cyber threats.
Business Roundtable supports policies that:
Business Roundtable companies must navigate a growing array of cybersecurity and privacy laws and regulations at the state, federal, and global level. These requirements create a complicated patchwork of requirements across the U.S. and globe, creating compliance burdens that hinder innovation without offering measurable gains in security or consumer privacy.
Business Roundtable supports policies that promote the alignment and harmonization of cybersecurity and privacy regulations and frameworks.
Businesses in every country and sector depend upon data flows to operate, deliver products and services, grow, innovate, and prosper. Data flows drive foreign investment, create jobs, and open new doors for companies in all sectors and nations. Unfortunately, many foreign governments are erecting barriers to modern business activities and international trade by passing laws and regulations that restrict data storage, content, access, and use. As this trend continues, these measures are having unintended consequences by decreasing foreign business investments, impeding business and consumer access to innovative products and services, and hindering economic growth.
Business Roundtable seeks to minimize barriers to international trade, including restrictions on cross-border data flows, and encourages the U.S. Government to advance this priority in ongoing trade negotiations in other international jurisdictions.
Business Roundtable today applauded the adoption of the EU-U.S. Privacy Shield by the European Union.
Businesses and manufacturers in every country and sector depend on data flows to operate, innovate and prosper.
Business Roundtable expresses concerns about the emerging threat posed by local data server requirements now being implemented in several countries.
Local data server requirements mandate the use of server infrastructure within the borders of a country, rather than allowing businesses flexibility to determine the most secure, reliable and economically effective locations for servers.
See how Business Roundtable is helping to drive important policy changes.
Business Roundtable appreciates your consideration of our views. We look forward to continued collaboration with the FCC to maintain a free and open Internet.
We are asking the court to uphold the principles of openness and freedom to innovate that have made the Internet a driving force in global commerce.
While the United States has always been a world leader in technology, public policies have not kept pace with the rapidly evolving marketplace. Costly and outdated regulatory policies often stand in the way of maximizing the benefits of data and technology and threaten the ability of American companies to grow and proposer over the next decade and beyond.
Business Roundtable supports competitive policy frameworks that foster innovation and accelerate the societal and economic benefits of technology.
There are certain actions that only the federal government can take to be a partner to industry in national cyber defense. By modernizing its own IT infrastructure, the federal government ensures that it can carry out important missions that protect our nation’s private sector networks from major cyber-attacks and deliver essential citizen services.
Business Roundtable supports policies that incentivize the federal government to improve federal cyber resiliency through modernization and investment in emerging technologies that raise the level of security in both the public and private sectors.
The Business Roundtable is engaging with the broader stakeholder community to provide an actionable roadmap that will significantly redefine and improve our approach to digital identity.
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We believe that the MGT Act promotes sound policies that advance public and private sector priorities.
By investing in innovative technologies and strengthening federal cybersecurity, the federal government can ensure its delivery of enhanced essential services.
