And you thought Sarbanes Oxley was bad
I think that, at least for now, this is scaremongering. The US government is aware of the considerable backlash against Sarbanes Oxley from business, and indeed some minor softening may occur in due course. The notion that they would compound this massively by asking for certification of all data in a company, something that is manifestly impossible anyway, seems far fetched. Even if the governemnt were "selective" as the article suggests, then presumably areas of interest would tend to be things which are currently carefully regulated anyway e.g. FDA documents in the pharma industry, or information in defence companies. Even the current administration would hardly try to put in regulation that would allow government agencies to go on fishing trips through corporate data, and then demand certificatoin that what they found was right.
Or would they?