I don't think so, because we've seen regulation fail us, I think, in many ways when we try to contain or constrain information flows. They have a way of slipping out of the leaky boundaries we put around communication. I think the education angle is a much more powerful one.
Actually, legislating private organizations and private companies is much trickier to do, given that we are talking about many different kinds of organizations and the many different ways that they approach collating and curating information. Each algorithm is proprietary, so it's a trade secret. It's like Kentucky Fried Chicken: there's no way they're letting that out into the open.