`` Facebook's Zuckerberg CEO may be imprisoned '' a new privacy protection bill is submitted

by Anthony Quintano

On October 17, 2019, it was reported that a new privacy protection bill was filed in the United States. The bill has strict penalties that CEOs and other top executives can be held liable when companies infringe on privacy. Sex is also suggested.

Senator proposes data privacy bill with serious punishments-CNET
https://www.cnet.com/news/senator-proposes-data-privacy-bill-with-serious-punishments/

Mind Your Own Business bill threatens years of jail time for companies that misuse consumer data-CNN
https://edition.cnn.com/2019/10/17/tech/mind-your-own-business-bill/index.html

In the United States, there is an antitrust law equivalent to Japan's antitrust law, on which the Federal Trade Commission monitors companies. In July 2019, the Federal Trade Commission has ordered Facebook to pay a fine of $ 5 billion (about 540 billion yen) for 'there was a problem with the handling of personal information.'

Facebook settled settlement fee with Federal Trade Commission with 540 billion yen sanction, highest ever in privacy related-GIGAZINE

by mkhmarketing

The fine of 540 billion yen is as high as no other, but there was an opinion that it is not so high considering that Facebook's annual sales are 5.9 trillion yen. As a result, some legislators have also submitted bills to allow higher fines.

A bill to impose a large fine for violation of the antitrust law appeared, is the target a huge IT company with GAFA at the top-GIGAZINE

Democratic Senator Ron Weiden proposed a Mind Your Own Business Act that imposes significant fines and imprisonment for the CEO.

In good care, data privacy regulations are enforced by the Attorney General, allowing privacy monitoring agencies to sue companies on behalf of those affected by privacy protection violations. In addition, if a corporate CEO lies about privacy, he will be imprisoned for 10 to 20 years. Also, the punishment to the company will be large, and it will be up to 4% of the company's annual revenue from the first violation.

In addition, Congressman Weiden is considering creating a “Do Not Track” system that allows individuals to manage their personal information on their own, not by technology companies. Rather than forbid sharing personal information, the goal is to allow users to choose who the data collected by technology companies will be shared with.

Congressman Weiden said, “Mark Zuckerberg will not take American privacy seriously unless he falls down.” “Disposal from the Federal Trade Commission will not be effective, but my bill He will be imprisoned for bullying the government. '