Prohibit selling sensitive personal data for profit

1. **ONE-SENTENCE SUMMARY:** This bill aims to prohibit the sale of sensitive personal data by government and private entities for profit unless it meets specific permitted purposes. 2. **KEY REQUIREMENTS:** - Do not sell sensitive personal data to data brokers or private entities for profit. - Ensure that any data sharing complies with permitted purposes outlined in the bill. 3. **DEADLINES:** - The effective date of the bill will be established once passed; keep an eye on legislative updates for the exact date. - Compliance is expected immediately upon the bill's enactment. 4. **PENALTIES:** - Violations could result in fines, though specific amounts are not detailed in the current text. - Enforcement mechanisms will likely involve state regulatory bodies, so be prepared for potential audits. 5. **SMB IMPACT:** Small businesses will need to review their data handling practices to ensure compliance with this bill, particularly if they currently sell or share sensitive personal data. This may require changes in data management policies and procedures to avoid penalties.