Tech Spent Big on Lobbying Last Year
January 24, 2022
STATE PRIVACY LAWS ADD UP: Over a 10-year period, a patchwork of privacy laws across all 50 states could lead to company compliance costs exceeding $1 trillion, according to a report from a tech-funded think tank, the Information Technology and Innovation Foundation. In the absence of a federal privacy law, conflicting compliance regimes for companies could cost companies between $98 million to $112 billion annually, the report found. ITIF receives funding from the tech industry, including Apple, Microsoft, Google, Intel and more.
