A more reasonable thing to do is to form a council of computer scientists, psychologists, sociologists, economists, politicians, and people otherwise capable of having a useful opinion in the matter.
That council would then have the task of reviewing new technologies and their potential impacts. The council may then have different subgroups each discussing a certain technology, or possibly each with a certain specific task such as: reviewing research papers, watching the developments inside companies, writing legal propositions, etc...
This council could then be under a government agency, or better yet, an NGO that can get funding by the government, from donations, universities, etc...
What would you think about that?