In many cases yes, but broadly, IP address is not a basis for determining an individual. It's difficult to know it's not some other NAT'd user or dynamically assigned.
And why is the same not true for FLoC? How come when it comes to FLoC, the bare minimum amount of information is magically enough to identify you, but when it comes to IP, you just shrug it away as it being too difficult?
Personally, I didn't make any claim about FLoC magically identifying people. It does help to identify people, though. IP address you can't do without, FLoC would be additional information beyond that, so it helps identify people.
Legislation will not solve the technical problem that the guy you're replying to brought up. Are they gonna write distributed communication protocols into law now?