Will New House Bill Create Copyright Chaos?

I believe we need an update to Copyright Infringement law(s). But at what expense? Some good pros and cons throughout the article definitely offer serious food for thought.
clipped from www.pcmag.com

Several members from both sides of the aisle – including Chairman John Conyers of Michigan and ranking member Lamar Smith of Texas – on Tuesday introduced a bill, H.R. 4279,
Every time someone surreptitiously videotapes a movie and sells copies on the street or downloads illegal music and movies from file-sharing sites, it “costs American jobs,
the bill calls for strengthening the civil and criminal laws relating to copyright and trademark infringement
Government and law enforcement officials have been battling the proliferation of street DVDs and illegal traffic on P2P networks for years.
Consumer Electronics Association, cautioned that any changes to copyright law “must recognize the important balance between the rights of copyright holders to protect their intellectual property and the rights of artists, musicians and filmmakers to innovate, create new works, and make full use of lawfully acquired digital content.”
  blog it

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