For those, who are interested in data governance, this is important. US for many years resisted creating federal regulation of data, except for data flows related to international trade. For all other kinds of data-related issues, such as protection and privacy, the government left industries to self-regulate.
This may change.
New proposal, as reported by TechCrunch, seeks to establish a separate Data Protection Agency, "designed to address modern concerns around privacy and tech that existing government regulators have proven ill-equipped to handle." Among "existing government regulators", one is prominent - Federal Trade Commission, which, as the proposal recognized, failed to protect Americans from unfair practices of tech giants.