Others are concerned about how the Consumer Privacy Bill of Rights will evolve once so many parties have their say.

FORBES: President Obama's Consumer Privacy Bill of Rights

In the United States, President Obama has called for a Consumer Privacy Bill of Rights and recommended the adoption of new privacy law.

CNN: Put teeth in Google privacy fines

Just last month, President Obama stepped into the privacy battle between the consumers and giant corporations by introducing a Consumer Privacy Bill of Rights.

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In particular, the principles in the Consumer Privacy Bill of Rights may require greater protections for personal data obtained from children and teenagers than for adults.

WHITEHOUSE: The White House

Accountability: Consumers have a right to have personal data handled by companies with appropriate measures in place to assure they adhere to the Consumer Privacy Bill of Rights.

FORBES: President Obama's Consumer Privacy Bill of Rights

Since the blueprint for a so-called Consumer Privacy Bill of Rights was unveiled Thursday, which included Do Not Track technology for web browsers, there has been a wide range of reaction, from praise to dire warnings.

FORBES: Your Digital Privacy Examined

But the big act came on Thursday when the Obama administration released its Consumer Data Privacy in a Networked World report (PDF) that includes a proposed Consumer Privacy Bill of Rights that the administration plans to send to Congress.

FORBES: Is Online Privacy Finally Becoming a Reality?