[waldohatesyou]

How confident are you that the government could accurately assess the risk of any technology? Why couldn't I just write the same risks for any given social networking site and copy-paste it every single time I was faced with a compliance form like the one you described. This all just sounds like an exercise in pointless box ticking but that just might be my deep skepticism of governments talking.

[csee]

Even if they could assess those risks, how confident are we that the government wouldn't err far too much on the side of risk aversion? Bureaucrats and politicians would see no upside in allowing a medium-risk high-reward venture to go ahead, since the outcome is binary for them - get the same salary regardless or get fired if something goes wrong.

I think the idea is terrible. You want laws to be prescribed and debated, not allow some administrators to make shit up on the spot.