|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|May 13, 2021||referred to finance|
senate Bill S6727
Current Bill Status - In Senate Committee Finance Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6727 (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- Executive Law
- Laws Affected:
- Add Art 51 §§1004 - 1007, Exec L; add §185, Tax L
S6727 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6727 SPONSOR: GOUNARDES TITLE OF BILL: An act to amend the executive law and the tax law, in relation to estab- lishing the data economy labor compensation and accountability act PURPOSE OR GENERAL IDEA OF BILL: To establish the Office of Consumer Data Protection to better regulate companies who profit off of consumer data and to create a tax on their gross receipts SUMMARY OF PROVISIONS: Section one of this bill creates a short title. Section two establishes legislative intent. Section three adds a new Article 51 to the Executive Law to establish a
S6727 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6727 2021-2022 Regular Sessions I N S E N A T E May 13, 2021 ___________ Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the executive law and the tax law, in relation to estab- lishing the data economy labor compensation and accountability act THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "data economy labor compensation and accountability act". § 2. Legislative intent. a. The legislature finds that the commercial- ization of personal consumer data has wrought wholesale and disruptive transformations in our global markets, politics, psychology, socializa- tion, and the basic functioning of society; b. The legislature further finds that, according to a 2016 Rockefeller Foundation study Data Financing for the Global Good, the "data economy," in which millions of data points are endlessly gathered, organized, and exchanged by a series of vendors for the purpose of deriving value from accumulated information, has produced enough value in industrialized countries to equal 4% of their gross domestic product; c. The legislature further finds that the consumers whose emails, texts, Internet searches, purchasing history, profile information, swipes, clicks, and more have produced such tremendous amounts of value do not receive the direct dividends of their labor; d. The legislature further finds that large swaths of our global and national society have yet to benefit from the revolution wrought by such commercialization of their data and technology at large; e. The legislature further finds that the proliferation of targeted advertising based on the sale, transfer, or licensing of personal consumer data has led to an exploitation of individual users' attention, leading to reduced productivity, mental acuity, and overall emotional and social well-being as well as overcrowding of digital spaces and depletion of the "common good" of limited user attention; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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