Creating a data broker registry.

1. **ONE-SENTENCE SUMMARY:** HB2483 proposes the creation of a registry for data brokers in Washington State to enhance transparency and consumer protection. 2. **KEY REQUIREMENTS:** - If your business qualifies as a data broker, you must register with the state. - You must provide specific information about the data you collect and how it is used. - Maintain updated records and comply with any reporting requirements set by the state. 3. **DEADLINES:** - The bill is currently introduced and has not yet passed; keep an eye on legislative updates for the effective date. - Once enacted, compliance deadlines will be specified in the final bill. 4. **PENALTIES:** - Failure to register or comply with the requirements may result in fines, though specific amounts will be detailed in the final legislation. - The state may enforce compliance through audits or other regulatory actions. 5. **SMB IMPACT:** Small businesses that act as data brokers will need to invest time and resources to register and comply with new regulations, which could increase operational costs but also enhance consumer trust through transparency.