Brendan Sasso reports:
The White House unveiled an ambitious legislative proposal Friday to restrict how companies, including Web giants like Facebook and Google, can handle private information. And it was promptly denounced by industry groups and privacy advocates alike.
Tech companies warned that the so-called “Consumer Privacy Bill of Rights Act” would impose burdensome regulations, potentially stifling exciting new online services that could benefit consumers. Privacy advocates claimed the bill is riddled with loopholes and would essentially let companies write their own rules.
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