The Department of Commerce is submitting a request to the Office of Management and Budget (OMB) to review and approve an information collection related to the EU-U.S. Privacy Shield. This initiative allows European individuals to use arbitration in resolving disputes concerning data privacy. The International Trade Administration is inviting comments from the public on this proposal, aiming to help minimize reporting burdens. The department seeks to maintain a list of at least 20 arbitrators to handle these disputes, although it is not seeking new applications for arbitrators at this time.
Simple Explanation
The Department of Commerce wants to make sure that people from Europe can easily solve problems about their data privacy with the help of special helpers called arbitrators. They are asking for opinions from everyone to help make the process easier and clearer, but they are not looking for more arbitrators right now.