get_the_privacy_policy_link

 *
 * @since 4.9.6
 *
 * @param string $before Optional. Display before privacy policy link. Default empty.
 * @param string $after  Optional. Display after privacy policy link. Default empty.
 */
function the_privacy_policy_link( $before = '', $after = '' ) {
	echo get_the_privacy_policy_link( $before, $after );
}

/**
 * Returns the privacy policy link with formatting, when applicable.
 *
 * @since 4.9.6
 *
 * @param string $before Optional. Display before privacy policy link. Default empty.
 * @param string $after  Optional. Display after privacy policy link. Default empty.
 * @return string Markup for the link and surrounding elements. Empty string if it
 *                doesn't exist.
 */
function get_the_privacy_policy_link( $before = '', $after = '' ) {
	$link               = '';
	$privacy_policy_url = get_privacy_policy_url();
	$policy_page_id     = (int) get_option( 'wp_page_for_privacy_policy' );
	$page_title         = ( $policy_page_id ) ? get_the_title( $policy_page_id ) : '';

	if ( $privacy_policy_url && $page_title ) {
		$link = sprintf(
			'<a class="privacy-policy-link" href="%s">%s</a>',
			esc_url( $privacy_policy_url ),
			esc_html( $page_title )
		);