Restrict the processing of online personal data of individuals sixteen years of age or younger.

1. **ONE-SENTENCE SUMMARY:** This bill restricts the processing of online personal data for individuals aged sixteen and younger. 2. **KEY REQUIREMENTS:** - Obtain parental consent before collecting or processing personal data from children aged sixteen and younger. - Clearly inform parents about what data is being collected and how it will be used. - Implement reasonable security measures to protect the personal data of these individuals. 3. **DEADLINES:** - The bill is currently introduced and does not have an effective date yet; keep an eye on legislative updates for when it may pass. 4. **PENALTIES:** - Businesses that fail to comply may face fines, though specific amounts and enforcement mechanisms are not detailed in the current text. 5. **SMB IMPACT:** Small businesses that collect data online will need to adjust their data collection practices to ensure they have parental consent for minors, which may require additional resources or changes to their privacy policies. This could also lead to increased administrative tasks and potential legal risks if not properly managed.