US, EU Agree On Changes To Data Transfer Upgrade

The European Union and the United States have agreed on changes to a data transfer pact that is key to trans-Atlantic business, including stricter rules for companies holding information on Europeans and clearer limits on U.S. surveillance.

The revised EU-U.S. Privacy Shield was sent for review by European member states overnight. They are expected to hold a vote in early July, several EU sources said, at which point it will enter into force.