Generally revise privacy laws

1. **ONE-SENTENCE SUMMARY:** SB297 updates Montana's privacy laws to enhance consumer rights regarding their personal data. 2. **KEY REQUIREMENTS:** - Inform consumers about the types of personal data collected and its purpose. - Provide consumers with the right to access, correct, and delete their personal data. - Implement reasonable security measures to protect personal data. - Establish a process for consumers to opt-out of data sales. 3. **DEADLINES:** - Effective Date: January 1, 2024. - Compliance Deadline: Businesses must be fully compliant by the effective date. 4. **PENALTIES:** - Fines up to $5,000 per violation. - Potential lawsuits from consumers for non-compliance. 5. **SMB IMPACT:** Small businesses will need to update their data handling practices and privacy policies to comply with the new requirements, which may involve additional administrative work and potential costs for implementing security measures.