The proposed bill sets rules on disclosure of privacy practices, collection and use of information and disclosure of information to unaffiliated third parties. The Federal Trade Commission would adopt rules to implement and enforce the measure. No consent is required to collect and use operational or transactional data-the routine web logs or session cookies that are necessary for the functioning of the website- or to use aggregate data or data that has been rendered anonymous. The bill creates an exception to the opt-in consent requirement for third-party information sharing by applying opt-out consent to the sharing of an individual’s information with a third party ad network.”]
Source: https://www.cuinfosecurity.com/draft-bill-defines-net-privacy-standards-a-2499