financetom
Business
financetom
/
Business
/
Update: Maryland Legislature Passes Bills on Online Data Privacy, Online Data of Children
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Maryland Legislature Passes Bills on Online Data Privacy, Online Data of Children
Apr 8, 2024 9:29 AM

12:00 PM EDT, 04/08/2024 (MT Newswires) -- (Updates with statement from NetChoice in the fifth and sixth paragraphs.)

Maryland's legislature has passed the Maryland Online Data Privacy Act of 2024 and the Maryland Kids Code, according to the Maryland General Assembly website.

The Online Data Privacy Act establishes the way that a tech platform may process personal data of consumers, while the Kids Code forbids platforms from certain data collection and sharing practices, requires privacy protections for certain online products, and authorizes certain monitoring practices, among others, according to the state legislature.

The tech industry trade group NetChoice, whose members include Amazon.com ( AMZN ) , Alphabet's (GOOG) Google ( GOOG ), and Meta Platforms ( META ) , had opposed an earlier version of the Kids Code, according to the New York Times.

NetChoice's general counsel argued that the bill impinged on the rights of companies to distribute information and on the rights of minors and adults to get information, the NYT said.

"The good intentions of this legislation do not change that it fails to address the core of the problem lawmakers are trying to solve: keeping young people safe online," NetChoice General Counsel Carl Szabo told MTNewswires Monday. "It is also unfortunately riddled with constitutional problems."

NetChoice hopes that Maryland Governor Wes Moore will veto the legislation, Szabo said.

Price: 185.78, Change: +0.71, Percent Change: +0.38

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Toyota Motor Stock Is Trading Higher Thursday: What's Driving The Action?
Toyota Motor Stock Is Trading Higher Thursday: What's Driving The Action?
Dec 26, 2024
Toyota Motor Corp ( TM ) shares are trading higher Thursday following reports the company is targeting higher return-on-equity. What To Know: According to a Bloomberg report citing Nikkei Asia, Toyota ( TM ) shares jumped on Thursday morning on reports the Japanese automaker is planning to significantly increase its target for return-on-equity. A Toyota ( TM ) executive reportedly...
What's Going On With KULR Technology Group Stock Today?
What's Going On With KULR Technology Group Stock Today?
Dec 26, 2024
KULR Technology Group Inc ( KULR ) shares are trading higher Thursday after the company announced a Bitcoin (CRYPTO: BTC) purchase under its newly-adopted Bitcoin Treasury strategy. What To Know: At the beginning of December, KULR ( KULR ) announced plans to include Bitcoin as a primary asset in its treasury program. The company said that it planned to allocate...
Globalstar Insider Bought Shares Worth $1,943,750, According to a Recent SEC Filing
Globalstar Insider Bought Shares Worth $1,943,750, According to a Recent SEC Filing
Dec 26, 2024
09:31 AM EST, 12/26/2024 (MT Newswires) -- James Monroe III, 10% Owner, Director, on December 23, 2024, executed a purchase for 1,000,000 shares in Globalstar ( GSAT ) for $1,943,750. Following the Form 4 filing with the SEC, Monroe has control over a total of 1,102,445,953 shares of the company, with 653,668 shares held directly and 1,101,792,285 controlled indirectly. SEC...
AmpliTech Group Launches $5.8 Million Registered Direct Offering
AmpliTech Group Launches $5.8 Million Registered Direct Offering
Dec 26, 2024
09:33 AM EST, 12/26/2024 (MT Newswires) -- AmpliTech Group ( AMPG ) said Thursday that it has signed one or more securities purchase agreements with certain institutional investors to buy nearly 1.9 million shares of common stock at $3.10 each in a registered direct offering. The company said the gross proceeds will be approximately $5.8 million. The offering is expected...
Copyright 2023-2026 - www.financetom.com All Rights Reserved