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Bipartisan legislation introduced in Congress today would require some of the largest internet companies to disclose the monetary value of user data.
The bill, the Designing Accounting Safeguards to Help Broaden Oversight And Regulations on Data Act—also known as the Dashboard Act—would require some of the largest data-driven advertising companies, including Facebook and Google, to tell users and financial regulators what data they collect, how it’s used and what it’s worth.
Users would also get their own report.