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In a discussion about compliance with various U.S. privacy laws, particularly those in California, Colorado, Connecticut, Utah, and Virginia, it's noted that creating a data sharing contract that adheres to all these regulations is quite challenging. The speaker shares that they have consulted experts and found that the complexity arises from the differences among the five state-level privacy laws. They reference a multi-state privacy agreement from the Interactive Advertising Bureau as a potential resource amidst the difficulty of navigating these diverse compliance requirements.