Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Montana Lawmakers Look At Consumer-data Proposal

By KATHRYN HAAKE

HELENA, Mont. (AP) ⿿ A House panel heard a bill Tuesday that would require companies to divulge the personal information they glean from consumers and to which entities they sell the information.

House Bill 572 would give consumers the option to request the personal information an entity has collected about them. Rep. Bryce Bennett, D- Missoula, told the House Business and Labor Committee the data collected by companies belongs to the consumers.

"The reality is ... there are these big companies that are doing this. They openly admit to doing this," Bennett said. "They are taking our data and selling it."

Bennett said the bill is a simplified version of previous data privacy bills that failed in the 2011 legislative session. Large companies, such as Verizon and Target, track such consumer information as purchase history and websites visited, using that information to market directly to the consumer or sell the information to third parties, he said.

The bill wouldn't prohibit the collection or sale of such information, but would allow consumers the right to access that information from the companies who collected it.

The measure was met by a number of opponents representing small and large businesses who called the bill a redundancy of strict regulations that already exist. Health-care representatives argued privacy is already protected in their industry and additional regulations would present unnecessary hurdles for health-care providers.

The bill would also require that companies appoint an employee to handle and respond to requests ⿿ a requirement that solicited objection from both small and large businesses.

Montana Retail Association spokesman Brad Griffen said big retailers don't have the infrastructure set up to handle a large volume of information requests from consumers and would be forced to hire more employees. Small business representatives agreed with Griffen, saying small businesses lack the manpower to follow through with customers' potential requests.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,303.10 8.60 0.06%
NASDAQ 3,459.14 -0.28 -0.01%
S&P 500 1,649.60 -0.91 -0.06%
US 10 Yr 2.011% -0.012

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs