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Yes your way off base, US laws only effect people in the US. You need to worry about the laws in your own countires not someone else's
As far as I understand it from my solicitor, the way it will effect european webmasters is with giving content to US webmasters. With the European data protection acts, we wont be allowed to give US webmasters details of european girls used on shoots, even if we wanted too, which I dont and wouldnt anyway.
I guess to get round this Ill get content made over there and over here, some US compliant for US webmasters and some European compliant for European webmasters.
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