DASHBOARD Act of 2025
Sponsored By: Representative Foster, Bill [D-IL-11]
Introduced
Summary
This bill would create a federal framework to make large consumer-facing data companies measure and disclose the economic value of user data. It would assign enforcement duties to the Federal Trade Commission and create a new Securities and Exchange Commission disclosure regime.
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- Users: Companies would have to give users, at least every 90 days, an assessment of the economic value placed on their data and a clear notice of what data is collected and how it is used for purposes beyond the service.
- Commercial data operators: Firms that earn material revenue from user data and have more than 100,000,000 unique monthly U.S. users would need an easy, single-setting way to delete user data, limit retention to narrow exceptions, and face FTC enforcement for deceptive or unfair practices.
- Investors and SEC filers: Issuers that meet the operator definition would have to report the aggregate value of user data, disclose contracts tied to data collection, and include items such as contracts valued over $10 million and data acquisitions over $100 million under SEC disclosure standards.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
New data rights at big online platforms
If enacted, very large online services would have to give you clear choices over your data. Covered firms (over 100,000,000 unique U.S. users and making material money from user data) would let you delete all your data or selected fields through one easy setting. They would send you disclosures at least every 90 days, including the types of data collected and how they value your data, and show these in the normal app or website. Companies could keep data only when required by law or needed for security or legal claims, and only the minimum needed. The FTC would write rules within 1 year and could enforce these duties as unfair or deceptive acts.
More investor reporting on user data value
If enacted, the SEC would require more reports on the value and risks of user data at large data operators. Within 1 year, the SEC would change disclosure rules for public companies to cover data value, sources, protections, and big deals, including contracts over $10,000,000 and data acquisitions over $100,000,000. The SEC would also study current practices and report to Congress within 3 years, then propose rules within 180 days. If you own shares, you could see clearer information about how user data affects revenue, costs, and cash flow.
Sponsors & CoSponsors
Sponsor
Foster, Bill [D-IL-11]
IL • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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