The European Union has reached an early agreement on legislation to regulate Big Tech access to data and give users more control over who can see their personal information.

The European Parliament and Council of the EU announced late on Tuesday that they had reached a provisional agreement on how to regulate corporate consumer data. The new version of the Data Act would give typical users of most digital products the ability to choose what's done with their personal information. This includes whether the users can access data generated by their phones or computers and if they want the generated data to be shared with third parties.

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The Data Act is a "milestone in reshaping the digital space” that will help create a "thriving [EU] data economy that is innovative & open — on our conditions," tweeted Thierry Breton, the EU's commissioner for internal market.

The current agreement includes the freedom to move data between cloud providers, encouraging developers to improve machines' ability to interact between different operating systems.

The law will still need to be approved by the EU Council and the European Parliament, but early agreements imply a high likelihood that the bill will pass. Companies will then have 20 months to conform.

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The bill is a part of a larger effort by the EU to change how it handles data, alongside other comprehensive bills such as the antitrust-focused Digital Markets Act and the content moderation-focused Digital Services Act.

The European Parliament passed the AI Act on June 14, which would create the first set of regulations for artificial intelligence and may set the ground rules for how to rein in the technology.