EU-based *aaS companies are practically nonexistent relative to US-based ones, so there's basically nothing holding them back from passing bills like this one gerrymandered to (i) companies with a global market cap above €75B, (ii) with 45 million European users, (iii) and an included web browser or messaging app. If they had companies satisfying those criteria, they'd certainly see more pushback.

I personally like these changes, but the cynical forum shopping underlying the €75B threshold they picked is pretty nasty behavior, and I hope US lawmakers retaliate appropriately.