Of course this was pushed through by US lobbyists and, you guessed it, that's where the money goes as well.
You can be certain that some (local) politicians got some kick-backs out of it.
Net Neutrality https://www.theverge.com/2017/11/23/16693840/net-neutrality-...
Are the two immediate ones that come to mind.
There is also the impact of PATRIOT section 215 and FISA, which requires some foreign companies to ensure that some sensitive data is not stored on devices operated by American companies.
Needless to say, non-compliance is not a real option for most banks, given the importance of the US in the banking sector, so they're essentially being blackmailed into compliance.
(Unfortunately for US expats, some foreign banks figured out that the easiest way to be compliant was simply to get rid of their US customers.)
https://calvinayre.com/2016/11/28/business/antigua-warn-amer...