WASHINGTON—In response to the Federal Trade Commission’s fine against Facebook, the Information Technology and Innovation Foundation (ITIF), the world’s leading think tank for science and technology policy, released the following statement from Vice President Daniel Castro:
Critics have long said the United States lags Europe and other parts of the world in digital privacy regulation and that Congress should enact an expansive new data protection law. But the FTC’s record-setting fine makes it impossible to ignore that the U.S. system works. U.S. privacy regulations have teeth, and they can be used aggressively when needed. But the United States has rightly avoided the heavy-handed regulations that stifle digital innovation in other parts of the world. Rather than take a wrecking ball to the existing data privacy laws or allow states to enact a patchwork of conflicting rules, Congress should build on the solid foundation that exists today by passing federal privacy legislation that strengthens the FTC’s enforcement capabilities, preempts states, and streamlines regulations.