A Democratic senator has unveiled a new proposal for a national privacy law, one that would subject technology CEOs to lengthy prison sentences for repeated violations.

Sen. Ron Wyden Ronald (Ron) Lee WydenGOP set to release controversial Biden report Democrats fear Russia interference could spoil bid to retake Senate GOP senator blocks Schumer resolution aimed at Biden probe as tensions run high MORE (D-Ore.) on Thursday released a draft of his legislation, which would give internet users the ability to opt out of being tracked online and having their data collected for advertising.

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“Today’s economy is a giant vacuum for your personal information," Wyden said in a statement. "Everything you read, everywhere you go, everything you buy and everyone you talk to is sucked up in a corporation’s database. But individual Americans know far too little about how their data is collected, how it’s used and how it’s shared."

Under the proposed law, companies would be fined up to 4 percent of their annual revenue on their first privacy or cybersecurity offense, and on the second one senior executives could be sentenced to 10-20 years in prison.

Wyden says that the proposal is meant to start a discussion as Congress deliberates over a national privacy standard following a string of data scandals at major companies.

He's also invited public comment on his proposal. People can submit their thoughts on the bill by emailing PrivacyBillComments@wyden.senate.gov.

“It’s time for some sunshine on this shadowy network of information sharing,” Wyden said. “My bill creates radical transparency for consumers, gives them new tools to control their information and backs it up with tough rules with real teeth to punish companies that abuse Americans’ most private information.”