California governor signs data privacy law

What it does: The law allows consumers to ask companies about the data collected on them and to demand that it be deleted. It also includes provisions meant to protect consumers in the event of a data breach.

What they're saying: Real estate developer Alastair Mactaggart, the prime backer of the privacy ballot measure, said that the law was "the strictest privacy bill, grants consumers the most rights, ever achieved in this country.”

The differences: The law and the ballot measure are similar in many ways, but the law is slightly more favorable to companies in its handling of the rules surrounding private lawsuits.

What's next?: The delay in the law's implementation leaves some wiggle room for different parties, including the industry, to push for changes.