1. Short title This Act may be cited as the Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data . 2. Definitions In this Act: (1) Commercial data operator The term commercial data operator means an entity acting in its capacity as a consumer online services provider or data broker that— (A) generates a material amount of revenue from the use, collection, processing, sale, or sharing of the user data; and (B) has more than 100,000,000 unique monthly visitors or users in the United States for a majority of months during the previous 1-year period. (2) Commission The term Commission means the Securities and Exchange Commission. (3) Issuer The term issuer has the meaning given the term in section 3(a) of the Securities and Exchange Act of 1934 ( 15 U.S.C. 78c(a) ). (4) User The term user means an individual consumer who uses an online service designed for consumer use by a commercial data operator. (5) User data The term user data means any information that identifies, relates to, describes, is capable of being associated with, or could reasonably be linked with an individual user, whether directly submitted to the commercial data operator by the user or derived from the observed activity of the user by the commercial data operator. 3. Commercial data operators (a) Requirements (1) In general A commercial data operator shall— (A) on a routine basis, and not less frequently than once every 90 days— (i) provide each user of the commercial data operator with an assessment of the economic value that the commercial data operator places on the data of that user; and (ii) in a clear and conspicuous manner, in accordance with paragraph (3), identify to each user of the commercial data operator— (I) the types of data collected from users of the commercial data operator, whether by the commercial data operator or another person pursuant to an agreement with the commercial data operator