The risk of regulatory fragmentation is high. There are numerous data privacy legislative proposals pending in state legislatures that, if passed, would create a complicated patchwork of privacy regulations across the United States. In addition to Europe, countries in Asia and Latin America are actively developing privacy regulations that could limit cross-border data flows.
The alignment and harmonization of privacy regulations is a policy issue that affects all companies. Business Roundtable companies believe that Congress must establish a national privacy law to avoid a fragmented patchwork of state privacy requirements as well as achieve some degree of interoperability with GDPR and other international privacy frameworks.
Working with business leaders across industries and sectors, Business Roundtable is developing a framework for national consumer privacy legislation that strengthens protections for consumers, achieves greater transparency, and preserves innovation by establishing a national standard for privacy.