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Welcome back to the third edition of USA Business Digest – A Legal Newsletter for European Companies and Investors in the United States. This month, we will take a closer look at (1) an Executive Order signed by President Biden implementing the EU-US data privacy framework and (2) potential implications a federal noncompete law could have on your business. As always, this update is available in both English and German.
DATA PRIVACY LAW
On October 7th, President Biden signed an Executive Order on Enhancing Safeguards for United States Signals Intelligence Activities directing the steps that the U.S. will take to implement its commitments under the EU-US Data Privacy Framework (EU-US DPF), which President Biden and European Commission President von der Leyen announced in March 2022.
Businesses like yours, both in the U.S. and Europe, rely upon cross-border data flows to participate in the digital economy and to expand economic opportunities. The common goal of the EU-US DPF is to restore trust and stability to transatlantic data flows after the Court of Justice of the European Union struck down the prior EU-US Privacy Shield framework.
The Executive Order:
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