Regulators and Business to Work on Privacy Bill of Rights

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The Obama administration's long wait for a "consumer privacy bill of rights" is finally over, and it can't wait to get moving.

"We need strong online protections for consumers," Secretary of Commerce John Bryson said. He spoke during a press conference with reporters Wednesday evening in advance of a White House event on Thursday. "Businesses need principles. We need this now; we cannot wait."

The Commerce Department is releasing the first of two anticipated reports from the federal government on consumer privacy on the Internet.

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