If the bill gets whittled down and becomes something well thought out that punishes illegal profiteers and current theatrical film torrent sites, while protecting those who cover songs, re-edit videos, and post short clips and long lost programs the studios don't care to profit from... and I hope it does... then we'd have something workable.
Word has it the blocking sites thing is out, but not the other punishments. That's going to lead to wasted money in courts and our penal system (GOD, I hope I spelled that right), and just gives a smug, empty sense of satisfaction to the Recording industry, who was trying forever to punish those who didn't buy Chingy CD's. And CD's of the guy who wrote "Shake your Laffy taffy." Pirating that music should stand as a protest to how stupid the recording industry is to have factory made crap like that by one hit (you) Wonder( why the heck these people got a contract in the first place)s.
So far, all Hollyweird has done is spent a fortune on a campaign (and this will start soon) on how GREAT this is for the artists (that they routinely screw over) and writers (who get screwed even worse... we're supposed to forget the Hollywood strike from a few years ago, right?) this legislation is, and that "Stealin' stealin'" when they have no problem stealing independent internet videos themselves (not to mention each other's ideas for television programs... let's not forget how Fox rushed out clones of Super Nanny and Wife Swap as soon as they were announced to make it look like ABC was copying them). it's all about internet control and an iron fist on stuff they own the rights to.
I've been saying it for years... we need NEW copyright legislation that gives creators more control, but still being fair to the studios. And really... we need a bill called "Mickey Mouse will always be owned by the Disney Company from here to Eternity." That's what all copyright battles are for... so the mouse doesn't become public domain. Popeye has the rest of the world, but Hearst still owns him stateside.