Who Gets the Shorter Deadline?
The accelerated timeline specifically targets Significant Data Fiduciaries (SDFs) - companies that process large volumes of sensitive personal data. Tech majors including Meta, Google, Apple, Microsoft, and Amazon are expected to receive this designation. Banks and major financial institutions will also likely be classified as SDFs. The government determines SDF status based on factors including data volume and sensitivity, risks to individual rights, and potential impact on national security and public order. These companies already follow strict regulations like Europe's GDPR, giving them a head start on compliance.