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December 9, 2019

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ITIF warns in research report: Annual cost of national privacy law could reach $122 billion

August 6, 2019 |
Rick Weber
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The Information Technology and Innovation Foundation says enactment of a national data privacy law similar to California or European requirements would cost the U.S. economy $122 billion each year, while acknowledging inaction by Congress would lead to a patchwork of state-level regulations.

“The debate now is not over whether to pass new legislation, but how to design such a law to both protect consumers and encourage continued innovation,” says ITIF in a report issued Monday.

“Congress must decide whether...

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