EU Lawmakers Back Hefty Fines For Data Regime Violations

Law360, New York (October 21, 2013, 8:43 PM EDT) -- A European parliamentary committee easily approved sweeping revisions to the bloc's data protection regime on Monday, which includes a change that would subject companies like Google Inc. to fines of up to 5 percent of their annual revenue for law violations, clearing an important hurdle in its long road to implementation.

In a 51-1 vote with three abstentions, the European Parliament's Committee on Civil Liberties, Justice and Home Affairs passed a draft version of the data protection regulation it's planning to use in negotiations that it...
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