Is it only US public sector that is so obsessed with pretty acronyms that seem to have more meaning than their unwrapped form, or is it common in Europe too?
Politics loves acronyms to rally behind some vague concept.
You should see some of the PAC names and referendum law names, they are often the exact opposite of what they actually aim to accomplish, very much on purpose.
When it comes to proposed US laws, the simple way to tell if the law is good or bad is as follows. If the name makes it sound like it is good for you, then it is definitely bad for you and should be voted against.
note: I'm not from US, honest question