In Congress and at the Federal Trade Commission (FTC), there has been a growing interest in implementing comprehensive privacy legislation that reaches beyond our current sectoral system of protection. But even as privacy laws aim to protect consumers, they also impose costs.
The table below compiles all of the known estimates from researchers and government agencies on the costs created by privacy laws. As policymakers consider different paths, they should be fully cognizant of the costs imposed by these laws.
CGO scholars and fellows frequently comment on a variety of topics for the popular press. The views expressed therein are those of the authors and do not necessarily reflect the views of the Center for Growth and Opportunity or the views of Utah State University.