Virginia is now the second state to enact a comprehensive data privacy law.
3/3/2021 14:00
Virginia Gov. Ralph Northam signed the state’s data privacy bill into law Tuesday. It applies to businesses processing consumers’ personal data or deriving a portion of gross revenue from the sale of personal data.
Virginia and California are now the two states with comprehensive data privacy laws in place.
The Virginia Consumer Data Protection Act was passed by the Virginia House of Representatives (89-9) and Senate (39-0) earlier this year. With Northam’s signature, it will take effect Jan. 1, 2023.
The Consumer Data Protection Act will establish a framework for controlling and processing personal data in the commonwealth, ACA International previously reported.
The law “applies to all persons that conduct business in the commonwealth and either control or process personal data of at least 100,000 consumers or derive over 50 percent of gross revenue from the sale of personal data and control or process personal data of at least 25,000 consumers,” according to the final text.
The law also outlines responsibilities and privacy protection standards for data controllers and processors but does not apply to state or local governmental entities and contains exceptions for certain types of data and information governed by federal law.
Under the new law, consumers have rights to access, correct, delete, obtain a copy of personal data and to opt out of the processing of personal data for the purposes of targeted advertising.
ACA continues to monitor about 500 state bills that would impact the accounts receivable management (ARM) industry if enacted, and members can hear updates on state and federal legislation on the Wednesday ACA Huddles sponsored by Connect International, Solutions by Text, QBE and Pay N Seconds.
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