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I feel like the bad thing about this is, whereas the researchers will mostly respect this, companies who want to make money out of data will still secretly keep using the data anyways. I am more ok with the data being used for non-profit research and not for making money but this would likely have the opposite effect.
If that’s truly the case, nothing on earth can protect your data.
That being said, large corporations are far more liable to consumer protection lawsuits, especially in areas like the EU.
They also have enough lawyer power to find loop holes. Stuff like if your main compute cluster is in xyz state or in xyz islands then you can get away with a fine the fraction what you can make with this data.