The U.S. and the European Union have reportedly reached an agreement on the language of a key data transfer pact, including limits on U.S. surveillance.
The revamped EU-U.S. Privacy Shield was sent to EU member states overnight, according to a report from Reuters. Privacy Shield would govern how multinational companies handle the private data of EU residents.
Member states are expected to vote on the proposal in July, unnamed sources told Reuters. Representatives of the EU and the U.S. Department of Commerce didn’t immediately respond to requests for comments on the reported deal.