The European Commission published the Privacy Shield documents, which confirm that no meaningful reforms have been made and that none are planned. In November 2013, the European Commission recognised the failure of the EU-US data transfer arrangement the so-called Safe Harbour agreement. In October 2015, the EU finally invalidated the agreement. European data protection regulators set a deadline of the end of January (pdf) for the adoption of a new legal framework, in the absence of which legal proceedings would start against the ongoing illegal export of EU data. In response, European Commission announced an arrangement with the United States on a new deal without any documents.”]
Source: https://edri.org/our-work/privacy-shield-is-the-same-unsafe-harbour/