Describes and characterizes the present important social issue of privacy. Presents its origins and various legislative efforts to deal with it. Describes the function of the Privacy Protection Study Commission, created by the Privacy Act of 1974. Hearings are held every month on some segment of private industry, to inquire into recordkeeping practices, to specify present and future possibilities of privacy abuses and to make recommendations for preventing such abuses to an individual's right to privacy. The Commission will disband in June 1977, when a report of its findings will be issued. As a result of the ongoing hearings there have been many spontaneous efforts on the part of private companies to improve their recordkeeping practices to prevent privacy abuses. The hearings are a forum in which the matter of privacy is being examined in a structured way, and have led many companies to realize their social responsibility to the privacy of individuals.