However, us wanting things to be a certain way doesn't change how things are. If Congress passed a "Data Protection Act" it would be indecipherable, full of technical illiteracy, and heavily influenced by the richest lobbyists (Facebook and Amazon, anyone?).
This is my objection. I would love for a real data protection act to be legislated. But Congress has its own agenda and ineptitudes. Do you really trust the people who wrote the Patriot act to protect your sensitive information?
Hell the whole infosec policy framework used everywhere is built off of NIST 800-53.
HHS uses NIST stuff to guide HIPPA. IRS is more prescriptive, but everything in IRS 1075 is still based on NIST stuff.
You have to separate the political puffery from reality. The Federal government is very good at establishing effective regulatory frameworks. They fall down with the long-term maintenance of regulations, as it's often difficult to keep the legal mandate up to date.
Then the way to do this is to simplify laws and their understanding. A company shouldn't need a large legal team just to figure out if they are doing something legal or not. It kinda sounds ridiculous when you think about it. That you have to hire a bunch of lawyers to figure out if you are a criminal or not. That clearly means things are too complex. I get that there are places this should apply to, but not small businesses and startups.
You can have regulation that is both easy to understand and effective. There is also letter and spirit of the law. We should never let the letter hinder the spirit.