Rick Boucher (D-VA) has released draft legislation to significantly increase required privacy notifications for Internet users.
Many websites are fighting the proposed bill, claiming it would hurt their business. I am unsympathetic to complaint that their business would suffer if people actually knew what they were doing with your information. Given that this would apply to all websites, if a policy is no worse than average it should not drive people to other sites.
I would very much like to see the market start to enable competition on the basis of privacy policies.
We shall see how this actually turns out once it has been through the sausage making process. My experience is that most bills about technology end up doing more damage through unintended consequences than they actually help.