Last week Senator Marco Rubio was named the chairman of the U.S. Senate Committee on Small Business and Entrepreneurship. This week, the Florida Senator unveiled the “American Data Dissemination Act,” which aims to protect consumer data privacy.

The bill “would provide a national consumer data privacy law that protects both consumers and the innovative capabilities of the internet economy,” and it “provides overdue transparency and accountability from the tech industry while ensuring that small businesses and start-ups are still able to innovate and compete in the digital marketplace.”

Rubio added that “any efforts to address consumer privacy must also balance the need to protect the innovative capabilities of the digital economy that have enabled new entrants and small businesses to succeed in the marketplace. This is why I am introducing the American Data Dissemination Act, which will protect small businesses and startups while ensuring that consumers are provided with overdue rights and protections. It is critical that we do not create a regulatory environment that entrenches big corporations. Congress must act, but it is even more important that Congress act responsibly to create a transparent, digital environment that maximizes consumer welfare over corporate warfare.”

In a piece he penned for “The Hill,” Rubio further explained the need for the bill by informing that his “bill also takes important precautions to ensure it does not entrench large, incumbent corporations.” He expresses that “Facebook, Apple, Amazon, Netflix, Google (FAANG) and others would welcome cumbersome regulations that prevent start-ups and smaller competitors from challenging the FAANG’s current dominance. We should be cautious in balancing the legitimate privacy needs of individuals with the important contributions the internet has made to increase our societal knowledge sharing capabilities.”

Rubio concluded, “while we may have disagreements on the best path forward, no one believes a privacy law that only bolsters the largest companies with the resources to comply and stifles our start-up marketplace is the right approach. Any national privacy law must provide clear, consistent protections that both consumers and companies can understand, and the FTC can enforce.”