What: On October 16, 2024, the Office of Management and Budget (OMB) released a request for information on issues related to Federal agency collection, processing, maintenance, use, sharing, dissemination, and disposition of commercially available information containing personally identifiable information (information used to identify a person). This request is part of the executive order on artificial intelligence.
Why: OMB’s efforts will help small businesses working with agencies protect the personal data they collect. Any regulations in this area may tie into corporate liability concerns in the future, and providing information at this stage will help OMB build a better framework for carrying out the executive order. Personal data has also recently been the source of regulatory actions, including from the FTC.
Action: Submit comments to OMB by December 16, 2024.
Advocacy contact: Send an email to Major Clark at major.clark@sba.gov.