On January 11, 2017, the US and Swiss authorities announced their agreement on a new cross-border data transfer framework, the Swiss-US Privacy Shield Framework, to allow US companies to meet the requirements for transfers of personal data from Switzerland to the US.
As of August 1, 2016, U.S. companies can now self-certify compliance to the EU-U.S. Privacy Shield to the U.S. Department of Commerce
The Working Party of European Union Data Protection Authorities identified concerns with the Privacy Shield, and recommended clarifications and improvements to the text.
On February 29, 2016, the European Commission published a draft adequacy decision and related documents that are intended to implement the EU-U.S. Privacy Shield.