While GDPR has provided essential data protections for Europeans, it has also imposed substantial compliance costs on American companies seeking to do business in the bloc and forced many companies to cease their European operations. The result has been increased prices for European and American consumers and reduced access to new products and services for Europeans. The consequences of GDPR should present a clear warning to lawmakers in D.C. and state capitols around the country about the dangers of imposing onerous data protection requirements.

This commentary was published in Inside Sources.