This plan would regulate Facebook without going through Congress

This plan would regulate Facebook without going through Congress

6 years ago
Anonymous $CLwNLde341

https://www.theverge.com/2018/4/12/17229258/facebook-regulation-fiduciary-rule-data-proposal-balkin

After two days of bruising testimony before Congress, there’s never been more interest in regulating Facebook. In question after question this week, lawmakers seemed to take it as a given that new rules were needed to rein in Facebook, with proposals like the Markey-Blumenthal CONSENT Act (which would require opt-in consent for all data-sharing), taking center stage. At the same time, Congress doesn’t seem likely to act soon; most bills come from the Democratic minority, and both chambers are already settling into gridlock.

In both hearings, Zuckerberg insisted he wasn’t opposed to new legal restrictions on the platform, although he demurred when asked to support specific measures. But there was one moment when he showed more interest than usual: when Rep. Brian Schatz (D-HI) mentioned Yale Law professor Jack Balkin’s concept of an information fiduciary, Zuckerberg seemed to perk up.

This plan would regulate Facebook without going through Congress

Apr 12, 2018, 4:19pm UTC
https://www.theverge.com/2018/4/12/17229258/facebook-regulation-fiduciary-rule-data-proposal-balkin >After two days of bruising testimony before Congress, there’s never been more interest in regulating Facebook. In question after question this week, lawmakers seemed to take it as a given that new rules were needed to rein in Facebook, with proposals like the Markey-Blumenthal CONSENT Act (which would require opt-in consent for all data-sharing), taking center stage. At the same time, Congress doesn’t seem likely to act soon; most bills come from the Democratic minority, and both chambers are already settling into gridlock. >In both hearings, Zuckerberg insisted he wasn’t opposed to new legal restrictions on the platform, although he demurred when asked to support specific measures. But there was one moment when he showed more interest than usual: when Rep. Brian Schatz (D-HI) mentioned Yale Law professor Jack Balkin’s concept of an information fiduciary, Zuckerberg seemed to perk up.