EU: European Commission: Communication: on the Transfer of Personal Data from the EU to the United States of America under Directive 95/46/EC following the Judgment by the Court of Justice in Case C-362/14 (Schrems)

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"Until such time as the renewed transatlantic framework is in place, companies need to rely on the alternative transfer tools available. However, this option entails responsibilities for data exporters, under the supervision of the DPAs."

The Commission in its Communication stresses the following point: "the Safe Harbour arrangement can no longer serve as a legal basis for transfers of personal data to the U.S"

See the full text: Communication: on the Transfer of Personal Data from the EU to the United States of America under Directive 95/46/EC following the Judgment by the Court of Justice in Case C-362/14 (Schrems) (COM 566-15, pdf)

And see USA: Congressional Research Service (CRS): The EU-U.S. Safe Harbor Agreement on Personal Data Privacy: In Brief (pdf)

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