On Monday, U.S. and EU officials revealed the full text of the proposed EU-US Data Privacy Shield agreement. The Privacy Shield, if approved by the European Commission Article 29 Working Party, would introduce new provisions geared at EU concerns regarding mass surveillance and privacy protection of personal data collected and transferred from the EU into the United States.
U.S. and EU officials have been in talks for nearly five months to get a new agreement in place. Negotiations began in October 2015 when the European Court of Justice invalidated the EU Commission’s Safe Harbor decision
. That decision put at risk the ability of nearly 4,000 United States companies to transfer data from the EU to the United States under the now invalidated Safe Harbor framework.
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