Showing How Isolationism Effects [sic] Long-term Development Act or the SHIELD Act
This bill requires the Department of Commerce and the Federal Trade Commission (FTC) to study and report on electronic commerce, including data sharing and data flow, and its impact on the U.S. economy.
Such study shall involve a review of (1) the economic benefit of the free transfer of data, (2) the impact of digital trade barriers on the U.S. economy and business development, and (3) the beneficial impacts of data agreements on commerce. Commerce and the FTC must also establish and maintain a compendium of data localization regulations.
Commerce and the FTC must report to Congress the results of such study and any recommendations to promote U.S. economic activity through electronic commerce.
To require the Secretary of Commerce and Federal Trade Commission to 
   conduct an assessment and analysis of regulations regarding data 
 localization and to establish a compendium of such laws and develop a 
     means for maintaining, tracking, and updating such compendium.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Showing How Isolationism Effects 
Long-term Development Act'' or the ``SHIELD Act''.

SEC. 2. DATA LOCALIZATION COMPENDIUM.

    (a) In General.--Not later than 2 years after the date of enactment 
of this Act, the Secretary of Commerce and the Federal Trade Commission 
shall jointly conduct a study on electronic commerce, including data 
sharing and data flow, and its impact on the United States economy.
    (b) Requirements for Study.--In conducting the study, the Secretary 
and the Commission shall survey electronic commerce, including data 
sharing and data flow, through outreach to participating entities to--
            (1) review and determine the economic benefit of the free 
        transfer of data;
            (2) review and determine the impact digital trade barriers 
        (limited to non-tariff trade barriers) have on the United 
        States economy and business development; and
            (3) review any data agreement to determine the benefits 
        such agreements have on commerce.
    (c) Compendium.--The Secretary and Commission shall establish a 
compendium of data localization regulations (such as regulations 
requiring that any data maintained about an individual be maintained 
where such individual resides and where such information was collected) 
and develop a means for maintaining, tracking, and updating such 
compendium. The Secretary and Commission shall update such compendium 
as appropriate, but not less than annually.
    (d) Report to Congress.--The Secretary and the Commission shall 
transmit to the Committee on Energy and Commerce of the House of 
Representatives and the Committee on Commerce, Science, and 
Transportation of the Senate a report that contains--
            (1) the results of the study conducted under subsection 
        (a); and
            (2) recommendations to develop any legislation to promote 
        United States economic activity through electronic commerce, 
        including data sharing and data flows, and any related consumer 
        protection issues.
                                 <all>
SHIELD Act
To require the Secretary of Commerce and Federal Trade Commission to conduct an assessment and analysis of regulations regarding data localization and to establish a compendium of such laws and develop a means for maintaining, tracking, and updating such compendium.
SHIELD Act
Showing How Isolationism Effects Long-term Development Act
Rep. Upton, Fred