Companies want it, privacy advocates don't, the US government has different approach

Efforts to self-regulate privacy failed 10 years ago. Will the new plans succeed?
The issue of self-regulation has been a key theme of a recent comment period hosted by the US Department of Commerce over the proposed Consumer Privacy Bill of Rights (read our comprehensive summary).
On the one side are the companies that make millions from a largely unregulated market, the case for a self-regulatory regime being made by a host of industry bodies (CompTIA, CTIA, DAA, DMA, IAB, NARC, NetChoice, SIIA, TIA) as well as a few large companies (AT&T, Microsoft, Verizon). And on the other side a wealth of consumer and civil liberties groups who advocate for legislation and highlight the weaknesses in a self-regulatory model (ACLU, APF, CDD, Consumer Action, EPIC, ITIF, WPF).