U.S. panel votes to approve $1 billion for FTC privacy probes


FILE PHOTO The U.S. Federal Trade Commission seal is seen at a news conference at FTC Headquarters in Washington U.S. July 24 2019. REUTERSYuri GripasFile Photo

FILE PHOTO: The U.S. Federal Trade Commission seal is seen at a news conference at FTC Headquarters in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas/File Photo

WASHINGTON (Reuters) - The U.S. House Energy and Commerce Committee voted on Tuesday to give the Federal Trade Commission $1 billion to set up a bureau dedicated to improving data security and privacy and fighting identity theft.

The proposal, which Democrats included in a $3.5 trillion spending measure, would fund a new bureau over 10 years to address "unfair or deceptive acts or practices relating to privacy, data security, identity theft, data abuses, and related matters," according to a summary released by the panel.

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