Any such legislation, in whatever form, would still set up a completely new bureaucratic nightmare and empire building opportunity. And however low they start, it would ratchet up to stunt business and increase consumer costs, not to mention the horrendous compliance issues. So, no, your optimism does not relieve me in the least.
I don’t care if it relieves you or not, nor am I particularly optimistic. I’m talking about what I believe is going to happen, not what I would like to happen.
I gave up believing in a perfect world a long time ago. And in a perfect Parliament even before that.