US panel votes to approve $1 billion for FTC privacy probes
Money to be set aside to set up bureau dedicated to improving data security and privacy, fighting identity theft
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WASHINGTON - The U.S. House Energy and Commerce Committee voted on Tuesday to give the Federal Trade Commission $1 billion to set up a bureau dedicated to improving data security and privacy and fighting identity theft.
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The proposal, which Democrats included in a $3.5 trillion spending measure, would fund a new bureau over 10 years to address "unfair or deceptive acts or practices relating to privacy, data security, identity theft, data abuses, and related matters," according to a summary released by the panel.
The U.S. House Energy and Commerce Committee voted on Tuesday to give the Federal Trade Commission $1 billion to set up a bureau dedicated to improving data security and privacy and fighting identity theft. REUTERS/Yuri Gripas/File Photo
The committee began work on the wide-ranging spending proposal on Monday and was continuing to work on Tuesday evening.
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The FTC, which enforces antitrust law, has picked up the job of pushing corporations to better protect consumer data and privacy as it enforces rules against deceptive practices.