This paper addresses recent concerns about Internet privacy, concentrating on legal and ethical concerns. In particular, a bill is being introduced in the Senate this spring which aims to codify in U.S. law the rights and responsibilities of information suppliers. In the past, the United States has taken a "hands-off" approach to regulating information, in the hopes that the industry will engage in self-regulation. Self-regulation is not advancing rapidly enough to satisfy either the Federal Trade Commission or the recent European Community Directive. The paper presents and supports the opinion that it is imperative that the United States pass legislation which will address Internet privacy issues and forestall any restrictions U.S. companies may have in dealing with Europe. 7 pgs. Bibliography lists 7 sources.