The part that looks the most worrisome to me is that advertisers can be forced to pull advertising a site found to carry copyrighted material by the copyright holder. I might be misunderstanding that part. The way legislation is written can be quite complicated these days.
Anyway, just think how easy it is to slap-suit-destroy a site then? Have a random user (perhaps one of your own people) post a copyrighted picture on a site that allows user submitted content, and then call up their advertisers and shut them down. Then start your own identical site to fill the new market vacuum while they're putting the pieces back together. People with money just want to be able to use their deep pockets as an "I automatically win" button in the market.
We don't the ability to afford better lawyers to become the sole basis for competition. That won't lead to the desired results.
marnixR wrote:oh, and another thing that bugs me is the definition of "domestic internet site"
A domestic domain name is defined as a domain registered or assigned by a registrar or other authority that is located within the United States. Some common examples of domestic top-level domain names are '.com', '.org', and '.us'.
it's already bad enough that so many US sites have usurped the international names like .com and .org as if they were their own, but to actually use this as a means of IDENTIFYING domestic sites is gross insensitivity
In fairness, there basically is no .us internet. Sure, the prefix exists, but almost all American content is in the .com, .net, and .org
If I want Russian content, typing .ru means something. Using google.ru I can filter out almost all the non-Russian content.