The sad part is that this very same can be said about 99% of the laws and regulations that are written. He is 73 years old and listening to him speak I don't think he could figure out how to set the clock on a microwave, much less understand the intricacies of the bleeding edge of the most transformative technology to come about in the last 40 years. I very seriously doubt he knows anything besides what is fed to him by the very companies that are to be regulated. Lobbyists write our laws, congress is just there to collect the money from them and plan their insider stock trades accordingly.
This is being driven by the big companies, seeking to erect barriers to competition.