The total cost of initial compliance with the California Consumer Privacy Act (CCPA) is estimated at $55 billion, according to an economic impact assessment report.
The California Department of Justice’s implementation of the CCPA requires a standardized regulatory impact assessment (SRIA) if the estimated economic impact of the regulation is expected to exceed $50 million per year. The SRIA, prepared for the state attorney general’s office by Berkeley Economic and Advising and Research, predicts direct compliance costs will reach between $467 million and approximately $16.5 billion by 2030.
