Under the agreement, lawmakers have until Thursday to pass legislation similar to the ballot measure and get Gov. Jerry Brown to sign it. The proposed law, like the ballot measure, would let consumers ask California companies what personal information they collect and tell those companies not to share it.
The legislation would also prohibit companies from discriminating against consumers who opt out of sharing their privacy by charging them higher prices, "except if the difference is reasonably related to value provided ... by the consumer's data."
One big difference between the proposed legislation and the ballot measure? The law would be much easier to change. Backers wrote the proposed ballot initiative so that future changes to it would have to be passed by 70 percent of lawmakers, a very high bar for any law. The legislation, though, could be amended by a simple majority vote of lawmakers.
Alastair Mactaggart, a Bay Area developer who wrote the ballot measure and has put $1.5 million of his own money behind it, said in a written statement that he's pleased with the legislation but remains ready to keep the initiative on the ballot if the bill is not signed into law by Thursday.