Today the European Commission adopted the EU-U.S. Privacy Shield, i.e. an adequacy decision to allow the transfer of personal data from the EU to the U.S.
This new agreement replaces the Safe Harbor Agreement, which was based on the Commission Decision 2000/520/EC of 26 July 2000 pursuant to Directive 95/46/EC of the European Parliament and of the Council on the adequacy of the protection provided by the safe harbour privacy principles and related frequently asked questions issued by the US Department of Commerce (OJ 2000 L 215, p. 7).
The Safe Harber Agreement was declared invalid by the CJEU in the Case C-362/14 Maximillian Schrems v Data Protection Commissioner. See Press Release 6.10.2015. Therefore, it had to be renogotiated and so was, the EU - US Privacy Shield scheme adopted.
The European Digital Rights organization has qualified this agreement as a privacy sham ! See here
It follows the Press release of the EU Commission:
|European Commission - Press release|