Information Protection and Security Act
The source supplies the latest action, but no lifecycle stage.
Latest action (3 Mar 2005): Read twice and referred to the Committee on Commerce, Science, and Transportation.
What this bill does
This bill, S. 500, would direct the Federal Trade Commission (FTC) to create rules for companies that collect and sell personal information, known as "information brokers." These regulations would require brokers to ensure data accuracy, protect confidentiality, authenticate users, and prevent illegal activity. Individuals would gain the right to see their information, know who has accessed it, and request corrections.
The bill specifically affects information brokers by setting new standards for their business practices and how they handle personal data. It would also impact individuals by providing them with more control over their information and a way to seek redress if violations occur. States would also have the ability to bring civil actions on behalf of their residents, and individuals could sue directly for damages if harmed by a violation.
S. 500 was introduced in the Senate in March 2005 by Senator Bill Nelson and was referred to the Committee on Commerce, Science, and Transportation. As of its introduction, no further legislative action has been taken.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Information Protection and Security Act - Directs the Federal Trade Commission (FTC) to promulgate regulations governing the conduct of information brokers and the protection of personally identifiable information held by such brokers. States that such regulations shall include rules: (1) requiring procedures for maximum data accuracy, confidentiality, user authentication and tracking, the prevention and detection of illegal or unauthorized activity, and mitigation of potential harm to individuals; (2) allowing individuals to obtain disclosure of such information pertaining to them held by an information broker, to be informed of each entity that procured such information, and to request and receive prompt correction of errors; and (3) prohibiting brokers from engaging in activity that fails to comply with FTC regulations.
Requires violations of such regulations to be treated as unfair or deceptive acts or practices under the Federal Trade Commission Act.
Authorizes States, after providing notice to the FTC and the Attorney General, to bring civil actions on behalf of State residents in Federal district court or any other court of competent jurisdiction to: (1) enjoin such acts or practices; (2) enforce compliance with FTC regulations; or (3) obtain damages, restitution, compensation, or other appropriate relief. Prohibits State actions during the pendency of criminal proceedings brought by the Attorney General or civil actions instituted by the FTC against the same defendant for violations of this Act.
Establishes a private right of action for individuals injured by violations of regulations promulgated under this Act.
Timeline
3 Mar 2005
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Common questions
- What does S. 500 do?
- This bill, S. 500, would direct the Federal Trade Commission (FTC) to create rules for companies that collect and sell personal information, known as "information brokers." These regulations would require brokers to ensure data accuracy, protect confidentiality, authenticate users, and prevent illegal activity. Individuals would gain the right to see their information, know who has accessed it, and request corrections. The bill specifically affects information brokers by setting new standards for their business practices and how they handle personal data. It would also impact individuals by providing them with more control over their information and a way to seek redress if violations occur. States would also have the ability to bring civil actions on behalf of their residents, and individuals could sue directly for damages if harmed by a violation. S. 500 was introduced in the Senate in March 2005 by Senator Bill Nelson and was referred to the Committee on Commerce, Science, and Transportation. As of its introduction, no further legislative action has been taken.
- Has S. 500 become law?
- The source does not supply a confirmed lifecycle stage for S. 500. Check the latest action and official source below.
- Who sponsored S. 500?
- S. 500 was sponsored by Sen. Nelson, Bill [D-FL] (D-FL), with 1 cosponsor.
- What's the latest action on S. 500?
- Read twice and referred to the Committee on Commerce, Science, and Transportation. (3 Mar 2005).
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More bills from Sen. Nelson, Bill [D-FL]
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