The EU-US data protection "Umbrella agreement" negotiations are finalised (updated: full text available)

The EU-US data protection "Umbrella Agreement" puts in place a comprehensive high-level data protection framework for EU-US law enforcement cooperation. The Agreement covers all personal data (for example names, addresses, criminal records) exchanged between the EU and the U.S. for the purpose of prevention, detection, investigation and prosecution of criminal offences, including terrorism.
Source: Questions and Answers on the EU-US data protection "Umbrella agreement"
Statement by EU Commissioner Věra Jourová on the finalisation of the EU-US negotiations on the data protection "Umbrella Agreement": ... I am also confident that we will be able to soon conclude our work on strengthening the Safe Harbour Arrangement for exchange of data for commercial purposes. We continue to work with determination with our US counterparts on the final details.
[Note: The opinion of Advocate General Bot in the Max Schrems case  C-362/14 will be delivered on 23 September]
Update 15.09.2015: Full text available (Source: Statewatch)