One Year After Snowden: What's Changed at the NSA?

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June 9 (Bloomberg) -- Bloomberg’s Peter Cook reflects on the year that has passed since Edward Snowden spoke out about NSA surveillance tactics and the impact it has had on U.S. surveillance programs. He speaks on Bloomberg Television’s “In The Loop.”

Owden continues.

A lot has happened in the interim period.

Edward snowden has sparked an international debate.

He has put the united states on the defensive in that debate.

He also triggered changes in washington proposals from the obama administration and from congress to change how the nsa does business.

That is a work in progress right now.

The business impact as well.

Companies say they have been tainted by the debate over american surveillance programs.

Hurt their business overseas.

It has created a much more adversarial relationship for u.s. countries.

There are also proposals to change surveillance programs.

Just proposals right now.

No actions.

That is right.

There has not been concrete change so far but that could change in the next few weeks.

You have the president moving forward in january.

The big idea there being the and to bulk collection.

No longer with the government collect all those phone records.

Instead, he wants the phone companies to hold onto the phone records and let the government search them under court order after the fact.

That is where congress is headed right now.

There are problems surfacing in the senate.

One of the problems is the phone companies do not want this -- the responsibilities.

The other thing is, they do not all say the same thing.

Not only may should may be in a format readily usable by the government.

Then there is the severity -- civil liberty issues.

Some of the tech companies say it is too broad.

They do not think it is good enough and that is where the tension is on capitol hill.

Class you mentioned tech companies.

What about the business impact?

China looking at the use of ibm servers that chinese.

The tech companies say a real impact on their bottom line, and there have been estimates, by 2016, that is what estimate.

Some say it could be as much as 180 billion dollars.

We're talking about real money here.

You can see why we're so concerned about the federal government right now and the relationship going over.

Class thank you.

Joining us now, the former united days attorney general and clinton partner.

Advice on critical issues in domestic and international law, including government

This text has been automatically generated. It may not be 100% accurate.

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