Not a lawyer but from what I understand the EU law makers are acting in response to US behavior. The US has laws intended to protect US citizens that do not apply to foreigners, a system where money buys access to anything and a lust for hoarding data. Meanwhile in the EU people use US tech for everything, probably for various not very good reasons. It's kinda sad really, it should have just been properly organized. US Tech companies should really have the customers and the EU the services.