The latest version of the American Innovation and Choice Online Act (AICOA) does not address serious privacy concerns—and experts continue to sound the alarm. 

Here’s what to know to get up to speed:

1. Proposed legislation to regulate technology firms would potentially threaten the privacy of Americans by putting their data in the hands of Chinese rivals, warn 12 former top U.S. national security officials in a joint letter to Congress.

2. AICOA “would likely harm users’ privacy online” and “malicious businesses, including foreign companies, could exploit its data portability loophole and gain access to user information,” explains NetChoice’s Jennifer Huddleston. 

3. As written, the proposed bill sparks “major national security and privacy risks,” warns PPI’s Aaron White. White further points out that the current bill “includes overly broad and burdensome language, and will harm American consumers, workers, and the digital economy.”

4. Anti-tech legislation, like AICOA, “require[s] app platforms to make compromises when it comes to the privacy and security of their ecosystems in the name of competition,” says the App Association’s Matt Schwartz. 

5. The Senate’s anti-tech bills “would punish companies with a business model that focuses on security,” explains R Street’s Brandon Pugh. 

6. Policymakers and American society as a whole have not “thought a lot about the potential tradeoffs between privacy and competition in the U.S.,” says Professor Erika Douglas. Douglas further says that she doesn’t think that “we’ve really decided if privacy comes at the cost of competition that we’re comfortable with that tradeoff, or vice versa.”

7. “Passing [AICOA] would still lead to cybersecurity and national security concerns raised by security experts, which should really be tackled as a primary issue within a privacy bill,” writes R Street’s Tatyana Bolton. 

8. AICOA will “undermine consumer privacy” because “the proposals require large U.S. tech companies to turn over user data to any company that requests it,” warns SIIA expert Kirsten Ballard.