Repeals law prohibiting collection and sharing of certain personal information.

1. **ONE-SENTENCE SUMMARY:** This bill repeals the existing law that prohibits businesses from collecting and sharing certain personal information about individuals. 2. **KEY REQUIREMENTS:** - Businesses can now collect and share personal information without the previous restrictions. - Ensure compliance with any other applicable privacy laws that may still be in effect. 3. **DEADLINES:** - The bill is effective immediately upon passage, so businesses should be aware of the changes as soon as it is enacted. 4. **PENALTIES:** - There are no specific penalties outlined in this bill since it repeals existing prohibitions; however, businesses must still comply with other relevant privacy laws to avoid penalties. 5. **SMB IMPACT:** Small businesses can now have more flexibility in collecting and sharing customer data, which may help in marketing and customer engagement strategies. However, they should remain vigilant about other privacy laws to avoid potential legal issues.