Chuck Schumer actually said...

"To put it in slightly different terms, do you agree that when a company changes its terms of use or privacy policies, it would be best to require consumers to opt in to any new information sharing?"

"I am also aware and commend you for the efforts the FTC has had to combat deceptive and abusive practices in this industry."

"Good. So get to work. You have the authority, get to work."

"Generally, I guess, then you agree there is currently not sufficient guidance and regulation about how consumer data should be protected on social networks."