You can just admit that protecting the public comes in many forms and one law won’t fix unrelated areas.
But you won’t, because you have a hate boner for our shitty oligarchy. You can also pretend like TikTok didn’t have a chance to prove they don’t misuse our data, but chose to exit the market rather than reveal where our data goes. The “cut” you bemoan, if it’s even true, would only occur due to TikTok’s choice.
But sure, they only passed a law after giving the company a chance to comply so they could get a pay cut. Genius.