Given the political momentum I could see SOME law getting passed. But if you look at the industry they're too different. The US has many significant players that'd suffer. Europe has few, hurting an already insignificant tech industry won't matter. It's another opportunity for them to ransom American corporations. And in fact, you could argue it's going to help local startups in a protectionist China-like way.
The point is - incentives are very different.
