Computer people would be smart to start something like that -- it would benefit them tremendously. But computer nerds have a slave mentality.
But that is generally the attitude we seem to favor with regards to the Internet. It's a sort of "might makes right" setup; "Oh yeah? You want to stop people from violating centuries-old copyright laws? Why don't you design and implement a scalable distributed directory system?" Whether you support copyright or don't (I do), this doesn't seem like a good process for determining policy.
Part of that is just 15+ years spent in software security. The notion seems to be "if it's hard to stop someone from doing $X with technology, we shouldn't make it illegal to do $X". Well, you'd be surprised what it's hard to stop people from doing.
I like the idea of financial people being advisors in policy-making regarding economics, but also cringe at the thought of them being the ones to draft the legislation.
I'm actually a pretty bad nerd, in that I don't get particularly riled up about issues like this. I also support copyright (self-serving as a working photographer, but also as someone who just doesn't see a problem with the arrangement of paying people who make things I enjoy, and not feeling entitled to disregard the way they want to make those things available).
I also think I'm a dinosaur, and that in another fifteen years, the entire makeup of content creation and distribution will have been gutted by a society that increasingly feels like it's their inalienable right to have access to whatever they want. I hope I'm wrong about that though.
So maybe an association like AMA (American Network Association?) would be beneficial here. Every practicing computer scientist/engineer can join in, and with their membership fees, they would make sure that asinine legislation doesn't see the light of the day.
Just thinking aloud here.