Googling the bill number gets some decidedly decent information.
for example:
http://www.govtrack.us/congress/bill.xpd?tab=summary&bill=h110-5889It does concern me somewhat, given that certain nefarious organizations masquerade as charities and religious organizations and thus would be exempt from punitive damages, but overall even if it does pass, I'd say one good lawsuit would bring the house of cards down.
I figure the easiest way it could be destroyed utterly is if it passes and someone claims a Disney-owned property as 'orphaned.'
Ergo, lawsuit of mass destruction.
I find it fascinating that international copyright violations don't gather as much attention in the art communities.