At this stage tech companies should be pushing for very strong legislation that makes the US a bastion of data privacy to restore trust. But they are still pushing in the other direction.

No amount of legislation can stop subpoenas, wiretapping and other extrajudicial means the US has used for data surveillance since the inception of the Patriot Act. With data privacy increasingly becoming a critical matter of national security, strengthening data sovereignty laws and holding corporations accountable was always the way forward.

This is untrue. Subpoenas, wiretapping, and other extrajudicial means can be stopped by legislation that bans them. You can't say in one breath that legislation that enables it (Patriot Act) cannot be undone by more legislation. There are many hurdles required to produce the required legislation, which may not even be broadly supported by the public, but it isn't correct to say "no amount of legislation can stop existing legislation".

A bad legislation is comparatively difficult to revert than a good legislation

None of them want that. Meta actively hates you. Google doesn’t want data privacy. Neither does Apple, even if they aren’t overtly abusing it for advertising. Why would any of them push for more privacy? Their users largely don’t care (or they wouldn’t use those services in the first place).