Washington, D.C. – TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, sent a letter to the House Committee on Energy and Commerce in advance of tomorrow’s hearing held by the Subcommittee on Consumer Protection and Commerce to discuss the American Data Privacy and Protection Act (ADPPA). The following statement can be attributed to Linda Moore, TechNet President and CEO:

“Protecting data and privacy is a priority for consumers and businesses across our economy. It isn’t just a tech sector issue, it’s an every sector issue. We’re pleased to see lawmakers from both parties come to the hearing with an open mind, willing to compromise on key issues that have stalled progress in the past, like a private right of action and preemption. While the ADPPA isn’t perfect and changes are needed before advancing further, we’re encouraged at the progress being made and the growing momentum to get something done this Congress.

“With more states passing their own privacy laws, the need for a federal standard has never been greater. If a bill does not pass soon, it could cost our economy $1 trillion over 10 years, with more than $200 billion being paid by small businesses.

“We applaud Chairman Frank Pallone, Ranking Member Cathy McMorris Rodgers, Subcommittee Chair Jan Schakowsky, and Subcommittee Ranking Member Gus Bilirakis for holding tomorrow’s hearing and will continue to work with them and lawmakers from both parties to pass a federal privacy law that protects consumers and gives businesses certainty about their responsibilities.”

You can read the full letter here.