A Summary of the General Data Protection Regulation

Here’s a quick summary for my own reference and to be used by others if they find it helpful.

It’s goal is to strengthen privacy for individuals within the EU.
Its focus is uniting, simplifying, and strengthening regulations around this.
It was accepted on April 27, 2016, and goes into effect on May 25, 2018.
The regulation extends the scope of protection from EU-only to include foreign companies that process data for EU citizens.
One of the main features is the accountability piece, which assigns fines up to 4% of yearly global turnover for violations of the regulation.

I could use some help making this summary better. If you are strong on this, let me know.

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