# 116-hr-8512: Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data

116-hr-8512, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data, is a 116th Congress bill sponsored by Rep. Foster, Bill [D-IL-11] (D-IL); status Referred to the Committee on Energy and Commerce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8512
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8512
- Congress: 116
- Title: Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data
- Status: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced: 2020-10-02
- Sponsor: Rep. Foster, Bill [D-IL-11] (D-IL)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data This bill requires commercial data operators (i.e., large consumer online services providers or data brokers) to disclose to users what types of user data are collected, and the usage and value of that data. Commercial data operators must also provide users with a way to delete this data. Violations of these requirements are enforced by the Federal Trade Commission. Commercial data operators that issue securities must report the value of their user data and the value of any third-party contracts made for the collection of user data.

## Cosponsors (1)

- Rep. Moulton, Seth [D-MA-6] (D-MA), 2020-10-02T00:00:00.000Z

## Related bills

- 116-hr-8820: PASS Act
- 116-hr-8797: Commission on American Civics Education Act of 2020
- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-8639: Mental Health Justice Act of 2020
- 116-hr-8485: Health and Fitness Recovery Act of 2020
- 116-hr-8363: Protecting Our Democracy Act

## Sources
- [116-hr-8512 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8512)

## Related
- [116-hr-8820: PASS Act](https://policyrisk.com/legislation/116-hr-8820)
- [116-hr-8797: Commission on American Civics Education Act of 2020](https://policyrisk.com/legislation/116-hr-8797)
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-8639: Mental Health Justice Act of 2020](https://policyrisk.com/legislation/116-hr-8639)
- [116-hr-8485: Health and Fitness Recovery Act of 2020](https://policyrisk.com/legislation/116-hr-8485)
- [116-hr-8363: Protecting Our Democracy Act](https://policyrisk.com/legislation/116-hr-8363)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8512 (as of 2025-11-18).