From Hatch's press release: "...internet-based communications technology, often referred to as cloud computing ..."
Orrin obviously doesn't have a CCSP on staff 😉
Interesting idea, although it basically says countries who agree will find a way of sharing data with each other's law enforcement. Not a lot of teeth there. Also, kind of makes you wonder how the US might respond the moment a foreign country wants to go after the NSA cyber tools. Personally, I think rather than investing in more regulation Ithe US Congress would be better rewriting existing legislation and giving judges the tools to understand how to apply existing law to new technology. The problem tends to be a belief that new technology requires new laws. That's a hamster wheel fraught with disaster.
Certainly agree with you that we'd be far better served by the current hodge podge of laws/regulations being cleaned up. Much more difficult to pad a clear and concise piece of legislation, you'd still be awake by the time you got to the appropriations.