Billionaire entrepreneur Mark Cuban has criticized the Securities and Exchange Commission for holding up efforts to reform decades-old email privacy laws.
In a letter to members of Congress’ judiciary committees, the startup investor accused the SEC of “bad public policy” by “continuing to lead the charge in objecting to legislation” that would reform existing legislation.
The Electronic Communications Privacy Act (ECPA), signed into law in 1986, currently allows federal agents in the majority of cases to read emails that are older than six months, without needing a warrant signed by a judge.
That the SEC can impact something with such broad roach outside of their jurisdiction is a topic for debate elsewhere. That Congress keeps trying to change what is arguably a bad law is encouraging.
I don’t know if Mark Cuban should be the flag bearer on this, but I’m happy for the press.