Yes it's scary what companies could do with this sensitive information and we should try our best to legislate against abuse of these details. It's possible. Bars have the ability to collect thousands of people's driver's license information and we haven't seen much of a security risk there.
The fact of the matter is porn is accessible to children within seconds and for the last 30 years we have done virtually nothing to try to prevent it. We know that porn is harmful, especially to children, and we have done NOTHING to try to prevent it.
I'm okay with adults being inconvenienced if it means we can protect children. That's a standard we've had in America for generations.