News & Events
Page 1 of 1
"Capitol Hill split on preemption will let Facebook, Google escape federal data privacy legislation, analyst says" by Victor Reklaitis
Robert Kaminski was featured in Victor Reklaitis's Market Watch article, "Capitol Hill split on preemption will let Facebook, Google escape federal data privacy legislation, analyst says," published on March 4th, 2019.
The article reads:
“The reason for our continued low odds is commentary from Democrats critical of the idea of federal preemption of the states, which industry and Republican allies have been advocating for to prevent a ‘patchwork’ of state-level privacy law,” said Robert Kaminski of Capital Alpha Partners in a note Thursday.
GOP politicians largely want federal action on privacy in order to preempt a California law that’s viewed as tough and set to take effect next year, Kaminski wrote. And while Democrats have had a role in developing bipartisan legislation, he said that some preemption provisions could “cause the bill to fail to win the broader support needed to pass.”
The easiest bipartisan privacy bill would be one that “punts” to the Federal Trade Commission and tells that agency to develop new rules and fines. But that approach “would not materially affect company operations and thus might fail due to not being ‘strong’ enough,” Kaminski wrote.