Not aware of such a law but there's a related European IOT project: http://big-iot.eu http://big-iot.eu BIG IoT is a European project to enable IoT Ecosystems.

Not aware of such a law but there's a related European IOT project: http://big-iot.eu http://big-iot.eu BIG IoT is a European project to enable IoT Ecosystems. With our technologies, we enable cross- standard, cross-platform, and cross-domain IoT services and applications. We are embedded in the European IoT Platforms Initiative: https://iot-epi.eu https://iot-epi.eu