“The deal struck in Brussels on the EU General Data Protection Regulation… represents a one-size-fits-all approach that fails to respect the vastly different contexts where data needs to be used,” Murphy stated. “The end result is a rule that is likely to discourage innovation and raise costs.”
The new regulations mean that European and US companies engaged in transatlantic commerce face growing regulatory uncertainty at odds with the goals of the Digital Single Market initiative and efforts to boost Europe’s digital competitiveness, Murphy cautioned.
“[I]t is critical that steps be taken during implementation to mitigate some of the most problematic changes,” he said. “[O]fficials should focus on a workable one-stop shop to avoid a regulation with common language but interpreted and enforced 28 different ways by the member states.”
The US Chamber of Commerce describes itself as a business federation representing the interests of more than 3 million businesses across the United States, as well as state and local chambers and industry associations.
