As a result, perhaps as soon as later this month, but more probably in September, Commissioner Bolkestein will propose that the full Commission formally recognize the U.S. safe harbor principles as representing adequate data privacy standards, the official said.

CNN: EU rejects U.S. data privacy protection as inadequate

Earlier this year, the Commission reached an agreement with the U.S. that a system based on safe harbor principles did represent adequate levels of data privacy, after the U.S. administration agreed to reinforce consumer access rights and set up dispute settlement procedures for consumers.

CNN: EU rejects U.S. data privacy protection as inadequate