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Isn't this a new Schrems situation? Just because the commission can make a law doesn't mean that it's legal. Seems like it would certainly interfere with the European Convention on Human Rights that grants everyone right to privacy of it's personal life and correspondence – meaning the CJEU would overthrow this law in an instance?

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What are the practical steps to this outcome. Presume this becomes law. Then do we need a person with standing to bring a case? Is there some other mechanism? Does CJEU rule without a case? How does this happen and more importantly, how long does it take. If the process is weeks or months, we may stand a chance. If it's years, the damage will have been done with a generation of compliant (broken) products and hundreds of millions of people deprived of privacy.

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