The sweeping California Consumer Privacy Act of 2018 (the “CCPA“) takes effect on January 1, 2020 and the state will begin enforcement as of July 1, 2020. By granting California consumers expanded control over their personal information, the law imposes strict and novel obligations on all qualified businesses that gather, use or sell such data.
The CCPA may have material implications for insurance companies and issuers of securities in the private placement market. Among other requirements, the bill mandates that businesses grant consumers the right to opt out of the sale of their personal information to third parties. The CCPA’s impact extends beyond California and has particular significance for all online businesses or businesses who have any online presence whatsoever, especially when viewed alongside similar data privacy laws passed by states such as Washington and Illinois.
As data breaches continue elevating privacy concerns among the public, businesses should expect to face continually increasing scrutiny under the CCPA and future federal, state and local regulations.
In these two articles, Baker Botts summarizes the CCPA and the amendments of 2019, now in the form that will usher in its January 1, 2020 effective date:
- California in the Data Privacy Spotlight: California Passes Sweeping Data Privacy Law in Record Time
- Cleaning Up the CCPA Part 2: CCPA Amendments Moving to Governor Newsom’s Desk
Article courtesy of Luke Weedon (Baker Botts)