The Federal Communications Commission is officially proposing to begin regulating how Internet service providers handle user privacy. The agency is looking to restrict the companies’ ability to share with advertisers and other third parties the information they collect about what their customers do online. However the proposals only cover Internet service providers, not the thousands of other companies that collect personal information, such as credit reporting agencies, Facebook, Google, and more.
Details may be found at http://www.scpr.org/news/2016/03/31/59118/fcc-votes-to-propose-new-privacy-rules-for-interne.
As you might expect, the Internet service providers are strongly against the proposals. After all, these companies make a lot of money collecting and selling the information to advertisers. You can read the arguments at http://www.mediapost.com/publications/article/272635/broadband-providers-slam-fcc-say-privacy-rules-w.html.