"The U.S. Department of Commerce and the European Commission have initiated discussions to evaluate the potential for an enhanced EU-U.S. Privacy Shield framework to comply with the July 16 judgment of the Court of Justice of the European Union in the Schrems II case," according to the statement. "This judgment declared that this framework is no longer a valid mechanism to transfer personal data from the European Union to the United States."

(Reporting by Lisa Lambert; Editing by Chizu Nomiyama)