Furthermore, I believe in a consumers right to sue if they are harmed by a companies misuse of data (Equifax).
Note these policies are very consumer oriented (i.e. it's illegal to put Google Analytics on your site without notifying your users.)
What I'm very worried about is when a policy ends inadvertently fostering centralization. For example, the government might require you to store private user information with one of a set of vetted companies to prevent another Equifax situation.
A better policy might be to allow consumers to sue firms for damages resulting from negligence and prevent firms from forcing consumers into binding arbitration.
> But what is it that you’d like to do with people’s private data that you’re worried will be prevented?
In my experience, medical innovation has stagnated because of unreasonable data protection on the part of firms in reaction to government policy. For example, I've had execs get cold feet on a project that would clearly save lives and improve the bottom-line because there's a perceived security loss.
While there are good arguments for these protections, my only point is that regulation never comes for free: efficiency is inevitably lost somewhere, and you need to be comfortable with the trade-off.