Companies of all sizes and in all industries need to move data across the Atlantic to reach customers, manage supply chains, collaborate on research, and improve the services they provide to businesses and individuals. And customers—on both sides of the Atlantic—deserve to know that their personal data will be maintained private and secure when their data is transferred. Transatlantic data flows are among the most important for both Europe and the US, accounting for over one-half of Europe’s data transfers and about half of US data transfers. A disruption of transatlantic data flows could have significant adverse effects on consumers, businesses, and economic vitality.
Morning Consult, September 22, 2020. Experts say the number of bills and diversity of voices in the debate underscore what they see as unwavering cross-party support for crafting a US standard and indicates that privacy will continue to be top-of-mind in Congress no matter who is leading the legislative or executive branches next year.