DASHBOARD Act of 2024

HR 8531, the DASHBOARD Act of 2024, requires large data companies (defined as those with over 100 million U.S. monthly users) to disclose to users the economic value of their data and how it’s used, including providing a simple way to delete all personal data. It also mandates that these companies report the aggregate value of user data held, along with detailed disclosures about data sources, security measures, and revenue from data activities in their SEC filings. The Federal Trade Commission enforces these requirements, treating violations as unfair or deceptive practices under existing law. This bill directly affects major online platforms and data brokers that monetize user data at scale, aiming to increase transparency for both consumers and investors.