It's deceptive. They aren't saying they would hand over any data.
Re:Response to Google open letter
by dodobirdlord on Monday August 17, 2020 @01:33PM
(#24189516)
That seems to be pretty clearly what the law says they will have to do. Do you have a different interpretation?
> Under this law, Google has to tell news media businesses “how they can gain access” to data about your use of our products. There’s no way of knowing if any data handed over would be protected, or how it might be used by news media businesses.
That seems to pretty clearly suggest Google will be forced to hand over personal data.