It's a law in the works created by the inept and incompetent. I'm not talking about Congress, I'm talking about the people who wrote it FOR Congress.
It's NOT POSSIBLE to have encryption that only the "good guys" can reverse.
If the "good guys" can reverse it, so can the "bad guys".
This will DESTROY all security - broken up into confidentiality (privacy) and integrity (how you know it hasn't been modified by a bad actor between you and the other party, such as a bank) - online. ALL SECURITY - banking, health records privacy, EVERYTHING.
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