According to the Federal Policy for the Protection of Human Subjects (45 CFR 46 Subpart A) known as the Common Rule the informed consent processes must include one of two statements about the collection of identifiable private information or identifiable biospecimens for future Research. The regulations related to the future use and ownerships of research data can be traced to the ethical issues that arose in the treatment of Henrietta Lacks and her biospecimens. This discussion with focus on the ethical and regulatory considerations for collecting identifiable information for current and future research.