The EU-US Data Privacy Framework (DPF) is the third attempt between the trading bloc and the US to iron out privacy kinks in the flow of data about their citizens. This latest agreement marks the EU's determination that "the United States ensures an adequate level of protection – comparable to that of the European Union – for personal data transferred from the EU to US companies under the new framework," the Commission said in a statement.

Key to today's decision [PDF] was an October executive order signed by US President Joe Biden that the Commission said adds new safeguards that address the problems raised with the second attempt at a transatlantic data agreement, Privacy Shield.