Overview

• The new rules are based on an executive order by President Joe Biden to safeguard American financial, genomic, and health data.
• Countries affected by the proposal include China, Russia, Iran, Venezuela, Cuba, and North Korea.
• Specific data types restricted from transfer include genomic data on over 100 people and health or financial data on more than 10,000 individuals.
• The proposal also bans the transfer of precise geolocation data from over 1,000 U.S. devices.
• The Justice Department is empowered to enforce these rules with both criminal and civil penalties.