President Biden signed a new executive order on Friday, with a framework that seeks to replace the existing Privacy Shield program. That program was found to be an invalid mechanism for transferring personal data between the EU and the US in 2020 (the Schrems II decision). Since then, companies have struggled to establish an appropriate mechanism for transfer of information from the EU to the US.
Source:
- Sheppard Mullin: EU To Review New EU-US Data Transfers Framework
