I’m really glad to hear that I’m not being targeted. However, I don’t much care about what the intent is, I care about what the effect is.
And what I see is a law that is vague and enforcement agents are given broad discretion. What this looks like is that each case become “facts and circumstances” case, which is an absolute nightmare from a compliance standpoint.
And the additional paperwork and personnel requirements appear to be non-trivial and will add a significant amount to the minimum necessary capital and labor needed to start a startup .
The inevitable and undisputable result is that at least some startups on the margin which could’ve made it before the law was passed will not make it after the law was passed.
Supporters would argue this is a good thing, but I would argue it is not.