RUBIO INTRODUCES BILL GIVING FTC MORE AUTHORITY OVER MARK ZUCKERBERG’S EMPIRE

The Daily Caller | 3/28/2018 | Staff
joyy (Posted by) Level 3
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Florida Republican Sen. Marco Rubio introduced legislation Wednesday that would give the Federal Trade Commission wide latitude to make rules regulating Facebook’s privacy sharing empire.

The American Data Dissemination Act would allow the FTC to provide a series of proposals to Congress about the best way to regulate the Silicon Valley giant. If Congress fails to enact the such rules, then the agency would have authority to write rules in line with its recommendations.

FTC - Officials - Authority - Rules - Congress

FTC officials currently only have the authority to administer the rules Congress passes. The bill would instruct the agency to write recommendations to Congress for what privacy rules should look like for Facebook, while exempting smaller companies from the rules. Rubio expressed the importance of regulating the industry in a Wednesday editorial for The Hill.

“It is critical that we do not create a regulatory environment that entrenches big tech corporations,” the Republican said in a press statement. “Congress must act, but it is even more important that Congress act responsibly to create...
(Excerpt) Read more at: The Daily Caller
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