Which of the following is a requirement of the Privacy Act of 1974?

The Privacy Act of 1974 was established to regulate the government's collection, use, and dissemination of personal information. A key requirement of the act is that individuals have the right to access their personal records held by federal agencies. This includes the ability for individuals to review their information and seek corrections if the information is inaccurate or misleading.

By allowing individuals to restrict access to their personal information, the Privacy Act seeks to enhance personal privacy rights, providing individuals with greater control over how their data is used or disclosed. This requirement is aligned with the act's overarching goal of protecting individual privacy relating to governmental data handling practices, thus making it the correct choice.

In contrast, the other options do not align with the objectives of the Privacy Act. For instance, federal agencies cannot deny all access to records, as the act mandates that individuals have rights to access their records. Fines for accessing records do not fall under individual responsibilities in relation to the act; rather, it emphasizes the individual's rights. Lastly, the act does not eliminate all forms of data collection but rather imposes guidelines on how that data may be collected and managed, ensuring transparency and privacy protections for individuals. Hence, the first option stands as the essential requirement of the Privacy Act of 197