Efforts to establish comprehensive privacy legislation have stalled due to disagreements among coalition members.
The proposed bill aimed to regulate the data broker industry and impose limits on data collection from consumers.
However, with upcoming elections, it is unlikely that the legislation will advance this year.
The Justice Department has proposed new regulations to restrict the sale and transfer of sensitive data to adversarial nations.
These regulations prohibit the sale of personal data to countries of concern, including China, Russia, Iran, North Korea, Cuba, and Venezuela.
Companies will need to establish compliance programs and adhere to security requirements to protect sensitive data.
The regulations also impose restrictions on hiring foreign contractors or individuals from these nations.
While the proposed regulations are a step forward, experts caution that they may not fully address the broader issue of data privacy and security.
The complexity of the data landscape and the rapid pace of technological advancement present ongoing challenges for lawmakers and regulators.
Comprehensive reform is needed to update privacy laws and protect consumer privacy in an interconnected world.