New bill wants tech companies to tell you how much your data is worth

BTW

Sen. Mark Warner (D-Va.) and Sen. Josh Hawley (R-Mo.) are working to introduce a bill that would require major tech platforms to tell people how much their user data is worth, according to reports.

Axios reported on the plan from Warner and Hawley. The Washington Post notes that the bill would require companies to disclose how users’ data is used and would force them to file annual reports on how much all of the data they’ve collected is worth.

As Axios reports, the bill would impact companies like Facebook, Amazon, and Google.

“For years, social media companies have told consumers that their products are free to the user,” Warner wrote on Twitter. “But that’s not true—you are paying with your data instead of your wallet. You should have the right to know what that data is worth.”

The bill, according to the Post, will be called the Designing Accounting Safeguards to Help Broaden Oversight and Regulations on Data Act, or DASHBOARD Act.

Warner and Hawley are also co-sponsors on the Missouri Republican’s Do Not Track Act, which would create a system similar to the Do Not Call List, which would allow consumers to opt out of “unwanted online data harvesting and targeted advertising.”

You can read all of the report from Axios here and the Washington Post report here.

READ MORE: 

Got five minutes? We’d love to hear from you. Help shape our journalism and be entered to win an Amazon gift card by filling out our 2019 reader survey.

Andrew Wyrich

Andrew Wyrich

Andrew Wyrich is a politics staff writer for the Daily Dot, covering the intersection of politics and the internet. Andrew has written for USA Today, NorthJersey.com, and other newspapers and websites. His work has been recognized by the Society of the Silurians, Investigative Reporters & Editors (IRE), and the Society of Professional Journalists (SPJ).