Cornyn, Grassley, Klobuchar roll out bill to protect data amid 23andMe bankruptcy

First on the fox: Republican Senators John Cornyn and Chuck Grassley and Democratic Senarica Amy Klobuchar performed a two -party measure to protect the sensitive genetic data in response to the privacy concerns that they launched by 23Andme -ov bankruptcyFox News Digital found out.

Cornyn, r-texas; Grassley, R-iowa; and Klobuchar, D-minn., Introducing the DNA Law, which would protect the sensitive genetic data of customers when the entity that maintains data files for bankruptcy. The account would add genetic data to the definition of “personally identified data” to the bankruptcy code.

Protect your genetic data: Emergency steps after 23Andme bankruptcy

According to the current law, the bankruptcy code provides protection for personal recognizable data in bankruptcy proceedings to prevent the possibility of stealing identity, damage or other illegal injuries.

Senate Assistants for Fox News Digital said that the current definition of personal identification data includes the name of the individual, address, E -Cost, telephone number, social security number, credit card numbers and other information that could be used for the purpose of identification.

These assistants said that the definition of “outdated” and did not include reference to genetic data, leaving information vulnerable.

“This legislation would solve this problem updating the definition of” personally identified data “in the bankruptcy code to include genetic data,” said Senate assistant.

The account also deals with a consumer Concern about privacy Consumers are affirmatively agreeing to the sale or lease of their genetic data after starting a bankruptcy case and requires companies to notify the use, sale or lease of their genetic data during bankruptcy in writing.

The proposal of the law also requires a commissioner or debtor in possession to delete all genetic data that is not subject to sale or lease.

“The progress of DNA testing has made it possible for Americans to have unprecedented approach to important insights on their genetics, but these companies must have a plan to protect this bankruptcy information,” Cornyn told Fox News Digital.

“By updating the bankruptcy code, this legislation would protect the sensitive genetic data of the Americans to ensure that they cannot be armed against them or to publish the public without their knowledge and consent.”

And Klobuchar said that the companies “profited from the Americans data, while consumers remained in the dark, which is especially in the light of the report that 23Andme plans to sell the assets of the genetic data of the buyer to a large pharmaceutical company.”

“This proposal of the law will put new protection for the protection of Americans privacy, giving consumers more control over the way their sensitive health data are shared,” Klobuchar said.

Grassley said digital consumers Fox News “should feel sure that any personal IThe NFORMATION that is shared with a public company is not ready to capture when that company submits a bankruptcy request. “

Grassley told Fox News Digital that the proposal of the Law “would fill in the emptiness in the current law to help protect the consumer genetic data and ensured that DNA Americans were not treated as any other financial assets.”

On Monday, 23Andme announced that the regeneone Pharmaceuticals would buy 23Andme through a bankruptcy auction.

Senate assistants said Regeneon promises “consumer data protection, but that the privacy of data refers to future bankruptcy.”

Regeneone Pharmaceuticals to buy bankruptcy 23Andme in a $ 256 million contract

The 23andme genetic testing company, once a pioneer in the DNA consumer testing, filed in March for Chapter 11. Bankruptcy in the midst of financial struggles, leadership and increasing concern for the safety of the genetic data of its customers.

Regeneone Pharmaceuticals announced that he would gain “significant” all property of the 23andme genetic testing company.

The pharmaceutical company said it has won the auction of genetic testing companies, with Regeneron agreed to pay $ 256 million for property. Auction for 23Andme was part of Chapter 11. Bankrot The protection he filed in March to arrange the sale of his business.

In its bankruptcy petition, the company estimated a range of $ 100 to $ 500 million for its property. The estimated obligations were the same.

The pharmaceutical company buys 23Andme’s personal service of genomes and its segments of health and research services, states 23Andme.