The EU and US have reached a data-sharing agreement.
The new EU-US Data Privacy Framework should protect companies from facing similar penalties so long as they commit to it. In addition to limiting the amount of overseas data that US intelligence can gain access to, the new framework establishes a Data Protection Review Court that can “independently investigate and resolve complaints” as well as order the deletion of data.
US companies will also need to follow a set of privacy obligations, including a requirement to delete personal data “when it is no longer necessary for the purpose for which it was collected.” They must also ensure these safeguards are in place when this data is shared with third parties. “The new EU-U.S. Data Privacy Framework will ensure safe data flows for Europeans and bring legal certainty to companies on both sides of the Atlantic,” Ursula von der Leyen, the president of the European Commission, says in a statement. “Following the agreement in principle I reached with President Biden last year, the US has implemented unprecedented commitments to establish the new framework.”
Going forward, it’s not clear whether this policy will stand up to the EU’s court, as two previous attempts to establish a new framework were thrown out by judges. Nick Clegg, Meta’s president of global affairs, responded to the news on Twitter,
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