Yes, but unlike say construction, the environment, or medicine, when it comes to IT, most of our gov representatives in charge of regulations are horribly out of touch with what's happening in tech world and how fast things are changing.
Just look st the senate hearings of Zuckerberg and the TikTok CEO, what questions they were getting: "can TikTok access my Wi-Fi?". I rest my case.
They have no clue how the whole "internet-thingamajigs" work, nor do they care to listen to people who actually do know, because they can also be easily lobbied by big-tech to look the other way, especially since for the US-government, having US companies dominate everything IT related on a global scale is a national-security asset rather than a curse, which could be say if Chinese companies were to take over instead.