Cornyn, Grassley, Klobuchar roll out bill to protect data amid 23andMe bankruptcy

First on the foxFox News Digital has learned that the Republican senator John Corn, Chuck Grassley and Democratic Senator Amy Kloposhar puts a procedure from two parties to protect sensitive genetic data in response to privacy concerns ignited by 23andme bankruptcy.

Corn, R-TEXAS; Grassley, R-ROOWA; Klobuchar, D-MINN. The draft law will add genetic information to the definition of “personal identification information” in the bankruptcy law.

Protect your genetic data: Urgent steps after 23andme bankruptcy

Under the current law, the bankruptcy law provides protection for personal information in the bankruptcy court procedures to prevent the possibility of stealing identity, damage, or any illegal injury.

The Fox News Digital assistants have told the current definition of personal definition includes the individual’s name, address, email, phone number, social security number, credit card numbers and other information that can be used for identity purposes.

These assistants said that the definition is “old” and does not include a sign of genetic information, which leaves the information weak.

“This legislation will solve this problem by updating the definition of” personal information “in the bankruptcy law to include genetic information,” said one of the Senate assistants.

The draft law also addresses consumer privacy concerns through consumer approval positively to sell or rent their genetic information after the start of the bankruptcy issue and ask companies to provide a pre -written notice of using, selling or renting their genetic information during bankruptcy.

The draft law also requires a guardian or the debtor in his possession to delete any genetic information that is not subject to a sale or lease contract.

Senator John Corn, R-TEXAS (Reuters)

“Progress in the DNA test allowed the Americans to unprecedented access to important visions about genetics, but these companies must have a plan to protect these data in the event of bankruptcy,” Corn told Fox News Digital.

“By updating the bankruptcy law, this legislation will protect the genetic information sensitive to Americans to ensure that it cannot be weapons against them or to announce their knowledge and their consent.”

Senator Chuck Grassley, R-Awa, in the American Capitol after a lunch in the Senate on September 24, 2024. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

Klopochar said that companies “benefited from Americans ‘data while consumers have been left in the dark, which is particularly concerned about reports that 23andme was planning to sell customers’ genetic data assets to a large pharmaceutical company.”

“The draft law will put this new protection in a place to protect Americans’ privacy while giving consumers greater control of how to share their sensitive health data,” said Kloposh.

“They feel confident that anyone is personal ICommon NFORMATION with a public company is not ready when the company’s bankruptcy files are. “

Senator Amy Klopuwshar, Die Men. (ABC/Theview)

Grassley Fox News Digitter said that the draft law “will fill the gaps in the current law to help protect the genetic information of consumers and ensure that the DNA is not treated for Americans like any other financial assets.”

On Monday, 23andme announced that Regeneron Pharmaceuticals will buy 23andme through a bankruptcy auction.

Senate assistants said that Regeneron promises to “protect consumer information, but the remaining concerns of data for future bankruptcy.”

Regeneron Pharmaceuticals to buy 23andme bankruptcy in a $ 256 million deal

The 23ndme genetic testing company, which was a leader in the DNA test for consumers, provided bankruptcy of Chapter 11 in March amid financial conflicts, leadership and increasing fears about the safety of its clients’ genetic data.

Regeneron Pharmaceuticals has announced that it will get “all” of the 23ndme genetic test company.

The pharmaceutical company said that it won the auction that was supervised in the court of the genetic test company, as Regeneron agreed to pay 256 million dollars to assets. The auction of 23andme was part of Chapter 11 bankruptcy The protection she provided in March to arrange the sale of her business.

In the bankruptcy petition, the company estimated a range of $ 100 million to $ 500 million for its assets. The estimated obligations were the same.

The pharmaceutical company purchases the 23ndme Personal Service and Health Services Sectors, according to 23andme.