If this bill is such a bad thing to worry about, why wasn't it reported on until now? I looked at the links in this article and it passed committee last December. And unlike SOPA, I'm not liking the chances of stopping this one.
You know, I hear this brought up every time something like this happens. But until it does happen, I'm not holding my breath. It is one thing to say you are getting started on a alternate DNS system and another to actually do it.