Is Privacy Shield 2.0 on the Horizon?

On October 7, President Joe Biden signed an Executive Order on Enhancing Safeguards for United States Signals Intelligence Activities, which is intended to move forward next steps in the EU US Privacy Shield Framework negotiations, colloquially known as “Privacy Shield 2.0.” The EO strengthens privacy safeguards around US intelligence data collection and is intended to put the US and European Union closer to a new agreement for US companies to transfer data from Europe to the United States in accordance with the EU General Data Protection Regulation.