Slashdot Mirror

The house is trying to "require notice to and consent of an individual prior to the collection and disclosure of certain personal information relating to that individual." and "To foster transparency about the commercial use of personal information, provide consumers with meaningful choice about the collection, use, and disclosure of such information, and for other purposes.
The FTC is pushing a browser-based do-not-track mechanism similar to the do-not-call list
Followed by numerous non-government codes of ethics and various advertising regulations.

As nice and helpful these moves may seem for us users, think of the current advertising market on the internet and wide array of user information practices that keep web companies on top of the market. The economic blow of these bills may be too much to actually push them through.