Personal Data Privacy Legislation a Concern
Political Insider
NAA/NMHC are closely monitoring privacy legislation being considered by Congress that could impact apartment firms.
On July 21, a House subcommittee marked up a data breach notification bill (HR 2577) that would require businesses that collect personally identifiable information to implement security practices to protect this information.
Personally identifiable information includes full name and a combination of other data elements, such as Social Security numbers, driver’s license numbers and other information typically sought during the rental application process. This bill would also create a national standard for when businesses must notify consumers of data breaches within 48 hours.
A separate bill, HR 1528, would require businesses to disclose to consumers how their personal information is being collected, stored and used. Businesses would also be required to obtain “opt-in” consent to disclose the information to a third party.
The Senate is also considering privacy proposals with similar provisions. It is unclear whether these or other data breach and data privacy legislation will be enacted during this Congress.
Was this article helpful to you?
|