It's a bad idea.
I'm all for protecting the rights of artists and intellectual property, but I believe it is the responsibility of the individual websites and owners to protect its users. And the burden is on the user/consumer to make intelligent, researched decisions. I know I'm oversimplifying, but you get the point. Leaving the policing up to Uncle Sam will just really fuck things up.
I do not trust laws that in any way, shape or form begin to infringe on free speech and artistic expression. There are too many dangerous agendas out there. Someone, something, some cunt always turns these laws upside down; they find loopholes and back doors to expedite agendas that ultimately do more damage than good.
Take a hard look at the Patriot Act.
Take a hard look at the Patriot Act.