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by tptacek
2782 days ago
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No, I think you're confused. Having 1MM users makes you a "Covered Entity" in this draft. But "Covered Entities" aren't required to file data protection reports to the FTC until they make $1B in revenue or have 50MM users.† And, again: the "decades of imprisonment" 'downandout is talking about refers only to the crime of deliberately misreporting those data protection reports. It is not the case that any failure to comply with this law has prison time attached. Happy to be wrong about this; if I am, please offer a cite. † Sec 5. (a) (1) |
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