Washington, D.C. - Energy and Commerce Committee Chairman Frank Pallone, Jr. (D-NJ) released the following statement after the Federal Trade Commission (FTC) announced a settlement with Facebook following the Commission’s investigation into the company’s data privacy practices:
“While $5 billion is a record fine for the FTC, monetary damages are not enough. Facebook has repeatedly demonstrated that it prioritizes profit over people. Tough oversight is needed to prevent the abuse of consumer information by Facebook and other companies. Comprehensive privacy legislation is necessary to strengthen the FTC’s authorities and give it more enforcement tools and resources so that violating consumers’ privacy and breaking public trust isn’t just the cost of doing business."
