In May of this year, the European Commission (EC) will issue an expansive set of privacy rules for U.S. companies operating overseas. These rules, called the General Data Protection Regulation (GDPR), will require companies around the world to amend their policies and practices to comply with its many provisions. In many ways, the GDPR will become the baseline privacy regime for the Internet. According to PwC, over half of U.S. multinational companies say the GDPR is their top data privacy compliance priority.
Many U.S. policymakers view this new regulation as burdensome and costly, while others view it as a positive step towards a global privacy regime for the Internet. Other policymakers question how the GDPR will affect the preexisting EU-US Privacy Shield and other multilateral privacy regimes involving the U.S. These views, and these questions will be examined in this briefing focused on what the GDPR means for U.S. businesses and the worldwide flow of citizens’ information.
Join us on Friday, March 9th, at the Rayburn House Building Room 2237