The California Consumer Privacy Act of 2020 (Proposition 24), amending the 2018 California Consumer Privacy Act, is adopted by the California Legislature after the approval of the correspondent ballot initiative. The Act requires companies to minimize data collection and data retention to what is reasonably proportionate to achieve the intended purposes and regularly conduct privacy risk assessments and cybersecurity audits. Moreover, the Act introduces the right to correct inaccurate information and to receive a notification when businesses collect or use "sensitive personal information", and eventually to opt out from such practices. Further, the Act clarifies that people can opt out of the sale and sharing of their personal information with third parties. The Act will be implemented from 1 January 2023.
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