Consumer Data Privacy Act

1. **ONE-SENTENCE SUMMARY:** This bill establishes the Consumer Personal Information Privacy Act in Alaska, focusing on protecting consumer data and requiring data brokers to register. 2. **KEY REQUIREMENTS:** - Register as a data broker if your business collects or sells consumer personal information. - Implement measures to protect consumer personal information, including social security numbers. - Ensure transparency in how consumer data is collected, used, and shared. 3. **DEADLINES:** - The bill is currently introduced and does not have a set effective date yet; keep an eye on updates for when it passes. - Compliance deadlines will be specified once the bill is enacted. 4. **PENALTIES:** - Violations may be considered unfair or deceptive trade practices, which could lead to fines or other enforcement actions by the state. 5. **SMB IMPACT:** Small businesses will need to adjust their data handling practices to comply with new privacy requirements, which may involve additional administrative work and potential costs for registration and data protection measures.