overregulation

What are regulatory sandboxes? They are unique legal classifications that create space for regulators to temporarily freeze regulations and criminal penalties for a defined time period. This allows private companies to develop or introduce an innovative product or service where current standards poorly apply or haven’t yet been created.
While Americans are not directly compensated for the data they provide to the companies they interact with, they have been the benefactors of cheaper goods and services at a higher quality—an indirect benefit that cannot be discounted. Regulating this industry is not the answer, as it will saddle companies with heavy compliance burdens while likely causing Americans to lose out on significant savings.

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