Virginia Set to Become Second State to Pass Data Privacy Law
Privacy Partner Ashley Shively was quoted in a Roll Call article about the new data privacy law expected to pass in Virginia. This will make Virginia the second state to pass data privacy legislation after California, however Virginia's law is set to be less strict than California's and exempts many small businesses. Unlike the California privacy law, which applies to companies with annual gross revenue of $25 million or for-profit entities that possess and process data on 50,000 consumers, the Virginia law does not set a revenue threshold.
“The absence of the monetary threshold is unique, and I think the potential result of that is that fewer businesses could fall within the scope” of the legislation, potentially exempting small and medium-sized businesses, said Ms. Shively.