Providing for privacy, transparency and compensation regarding the disclosure of information collected by genetic material testing entities.

1. **ONE-SENTENCE SUMMARY:** This bill aims to ensure privacy and transparency for individuals regarding the use and disclosure of their genetic information by testing companies. 2. **KEY REQUIREMENTS:** - Obtain explicit consent from individuals before collecting or disclosing their genetic information. - Provide clear and accessible information about how genetic data will be used and shared. - Establish a process for individuals to request deletion of their genetic information. 3. **DEADLINES:** - The bill is currently introduced and does not have an effective date yet; keep an eye on legislative updates for timing on compliance. 4. **PENALTIES:** - Businesses that fail to comply may face fines, though specific amounts and enforcement mechanisms will be detailed once the bill is passed. 5. **SMB IMPACT:** Small businesses in the genetic testing field will need to implement new consent and transparency practices, which may require additional resources and training. Compliance will be crucial to avoid penalties and maintain customer trust.