SIIA is encouraged that the U.S. and the European Union have reached an agreement in principle allowing transatlantic data flows from the EU to the U.S. Today’s announcement is an important step in resolving an issue that impacts businesses and consumers on both sides of the Atlantic. Our members along with more than 5,000 European and American companies – over 75% small or medium-sized – will benefit from a final agreement that provides certainty, clarity and consistency. We look forward to reviewing the details and continuing to work with EU and U.S. officials to finalize the arrangement. We also hope this development motivates Congress to enact a comprehensive federal privacy law that restores both European and American trust in our standards for personal data safety while continuing to enable the innovation that has made the U.S. the global leader in technology.
