The EU Parliament committee that is charged with considering data protection matters (LIBE) has issued a press release calling on the European Commission to take action before the end of 2015 to come up with alternatives to Safe Harbor. Importantly, LIBE has also called on the Commission to reassess whether the European Court of Justice's recent invalidation of Safe Harbor casts doubt on other means for legitimizing the transfer of personal data from the EEA to the US.
As we have commented previously here, the ECJ's rationale in the Schrems Safe Harbor decision could be used to attack both BCRs and Model Clauses. LIBE certainly seems to have picked up on that also.
Here's an excerpt from LIBE's press release: