U.S. lawmakers seek $1 billion to fund FTC privacy probes By Reuters

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© Reuters. FILE PHOTO: Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo

(Reuters) – U.S. House Democratic lawmakers late on Thursday proposed awarding 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 plan to include in a $3.5 trillion spending measure, would fund over 10 years a new bureau 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 House Energy and Commerce Committee.

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