The content of the standard matters immensely, as this almost certainly will preempt state standards. If they make a weak law, this is essentially reversing CC

The content of the standard matters immensely, as this almost certainly will preempt state standards. If they make a weak law, this is essentially reversing CCPA and its copycats. This would have the effect of stripping privacy protection. If they make a strong law, this is essentially extending CCPA etc to the whole country and making it standardized. This would be a huge win for consumer privacy. I haven't read the draft bill, but the "Principle 4" makes me think they plan on making some huge exceptions in the protections.