> this cat is already out of the bag, so this is pointless legislation that just hampers progress

This isn't legislation.

And its not proposing anything except soliciting input from a broad range of civil society groups and writing a report. If the report calls for dumb regulatory ideas, that’ll be appropriate to complain about. But “there’s a thing that is happening that seems like it might have big effects, gather input from experts and concerned parties and then writeup findings on the impacts and what, if any, action seems warranted is... not a particularly alarming thing.

OK. The way it was portrayed is that this was "very bad" so I assumed something was decreed without sufficient input from the industry/community.