The Information Technology and Innovation Foundation (ITIF), a tech policy think tank supported by Google, Amazon and Facebook, proposed a “grand bargain” with lawmakers on key legal concerns in the industry, like the need for more transparency and the requirement that users opt in to having their personal data collected. The foundation argues that instead of every state having a different law about notifying users after a data breach, there should be a single standard. The “bargain” would prevent states from making their own laws, like California’s new privacy act, and repeal other existing federal privacy legislation, including the Children’s Online Privacy Protection Act (COPPA), which lays out requirements on companies that collect data from children under 13 years of age. (The Verge)