Privacy laws implemented now would undermine the profitability of "structurally significant" US companies and restrict the flow of data from these private entities to government entities, and thus would likely be seen as a threat to national security.

Privacy laws are dead almost before they're even conceived.

It would also create a very large spike in unemployment. I can't imagine how many jobs would be lost if the tech industry could no longer spy on the internet.

I can dream though.