Establishes the office of consumer data protection to safeguard personal data and imposes a tax on data controllers and processors.

The bill enacts the "data economy labor compensation and accountability act," establishing the office of consumer data protection to safeguard personal data. It imposes a tax on data controllers and processors, requiring them to register annually with the office. The office is tasked with promulgating rules to protect personal data, conducting data protection audits, and monitoring developments in information and communication technologies. The bill also defines terms such as "personal data," "data controller," and "data processor.

Establishes the office of consumer data protection to safeguard personal data and imposes a tax on data controllers and processors.

The bill enacts the "data economy labor compensation and accountability act," establishing the office of consumer data protection to safeguard personal data. It imposes a tax on data controllers and processors, requiring them to register annually with the office. The office is tasked with promulgating rules to protect personal data, conducting data protection audits, and monitoring developments in information and communication technologies. The bill also defines terms such as "personal data," "data controller," and "data processor.