US Bill To Force Tech Giants To Tell Users How Much Their Data is Worth

Two US senators have proposed a bill in Congress to force tech companies to disclose what data they collect about their users and how it is being leveraged by the platform for profit. From a report: Named the Designing Accounting Safeguards to Help Broaden Oversight And Regulations on Data (DASHBOARD) Act, the bill was proposed by Senators Mark Warner (D-Va.) and Josh Hawley (R-Mo.). The bill's targets are all tech companies with over 100 million monthly active users that collect data about their users. Per the bill's text, tech giants will have to inform both end users and US regulators about the precise information they are collecting about users, and if and how they're monetizing it for their own profit. In addition, the companies will also have to 'regularly' inform users about how much their data is worth.

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