On Thursday, March 25, 2021, U.S. Secretary of Commerce Gina Raimondo and European Commissioner for Justice Didier Reynders released a joint press statement regarding the intensifying negotiations on an “enhanced” EU-U.S. Privacy Shield framework to comply with the Schrems II decision. The press release emphasized their “shared commitment to privacy, data protection and the rule of law and [their] mutual recognition of the importance of transatlantic data flows to [their] respective citizens, economies, and societies.”
It is hoped that the U.S. and EU will be able to reach agreement on a new EU-U.S. Privacy Shield framework that will provide a clear, comprehensive set of compliance requirements for entities involved in transatlantic data transfers between the United States and the European Union’s member states.
Fey LLC will continue to closely monitor developments in state, federal, and global privacy laws and regulations. To ensure you don’t miss out on any articles and alerts we prepare on this or other significant data protection laws and developments, you can follow our LinkedIn page here.
Will Davis, a law clerk with Fey LLC and a law student at the University of Florida-Levin College of Law, contributed to this post.