Why would a company want to endorse this? What is the upside for them?
> granting companies blanket civil and criminal immunity from any existing privacy law in the process.
Immunity from civil and criminal liability is something companies might unsurprisingly be interested in.
One doesn't need to suppose dramas where they are worried about being blackballed from government contracts unless they support it, as other commenters do. Their self interest in the provisions of the law itself which lessen their vulnerability to civil lawsuits or criminal prosecution seems sufficient. It's more of a bribe than a threat.