I'm somewhere in the 99% range of believing that it will pass muster, so to speak. It's a very simplistic process, really, you can designate any physical location to be the Custodians address, why not in a data center? This would especially apply for those dealing with their own custom content, and not purchased from elsewhere...
I'm also glad Brandon mentioned Obenbergers comments about the fact that this is not going to go to Congress, it's an Executive Order.
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