It doesn't cover the possession and use of quality encryption. That is cryptography software that is installed my the user. If a telecomm provider detects any data-streams it cant decrypt, there would also need to be a reporting provision. But that can be dealt with in bill version 2.0
13th Amendment. Section 1. Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.
Section 2. Congress shall have power to enforce this article by appropriate legislation. ... I wonder why this angle hasn't been raised yet. specifically the 'involuntary servitude' bit.
Company X builds pyramids (like those at Giza)... The FBI understand that while the pyramid was under construction someone hid some vital clue somewhere deep inside the pyramid... FBI convinces some judge to order that Company X now dis-assembles the pyramid so clue can be retrieved.
So if Apple really can defeat the security then it means security wasn't that robust to begin with. Can we say 'economic impact'? Hint: Apple if you can defeat the phone's security then start working an a patch/upgrade right now that can be sent all your customers and included in all phones sold in the future.