US Panel Votes to Approve $1 Billion for FTC Privacy Probes

US Panel Votes to Approve $1 Billion for FTC Privacy Probes
Federal Trade Commission seal is seen at a news conference at FTC headquarters in Washington, on July 24, 2019. Yuri Gripas/Reuters
Reuters
Updated:

WASHINGTON—The U.S. House Energy and Commerce Committee voted on Tuesday to give the Federal Trade Commission $1 billion to set up a bureau dedicated to improving data security and privacy and fighting identity theft.

The proposal, which Democrats included in a $3.5 trillion spending measure, would fund a new bureau over 10 years to address “unfair or deceptive acts or practices relating to privacy, data security, identity theft, data abuses, and related matters,” according to a summary released by the panel.