http://gigaom.com/2011/10/27/looks-l...-the-internet/
This bill plus the E-parasite bill being pushed through will do a lot more then just go after pirates. Read carefully, it gives business's and the government the ability to remove any content/sites that they feel may be harmful to their brand or to the public. Think wiki leaks, any of the anti pay pal sites, sites on 9/11 and even sites about whats going on with the government.
Anything big brother and the corporations funding big brother don't want you to see will be removed... the content, the websites and any traces in search engines along with the ability process payments from users.
Think about it, say you say something negative about the movie you just saw last night and that studio feels you may hurt their profits so they simply snap their fingers and your website is now shut down and belongs to them with no legal hearing or recourse for you.