Well, the new deal has been struck between the EU and the U.S. What was called the EU-US Safe Harbor is being replaced by the newly created EU-US Privacy Shield. Now, all we need is to have the actual text released!

So far, the only official information comes from the EU press office and Commerce

While a new Safe Harbor agreement was hoped for by the January 31, 2016 deadline, negotiations still continue. It is expected the European Commission will receive an update, but keep your fingers crossed for an actual deal! In the meantime, American companies continue to rely on recommended provisions to satisfy their privacy protection requirements.