I finally got around to reading this bill being proposed. It has serious implications for ANYONE who runs a business online.
BILL PROPOSED TO TAKE AWAY YOUR DOMAINS
For example, anyone running a website like WindowsCleaning.com could have their domain shut down (without the due process of law) by Microsoft because the domain name (it doesn't matter what the site is used for...all that matters is what's in the domain name) contains an MS trademark.
Perhaps it won't be used that way...not by Microsoft, anyway.
But let's say I have a beef with Michel. I could start a business and call it the "Copywriter's Board-Walk". Then, I contact my state attorney general, and if he's as ignorant as most government officials, I could easily convince him that Michel is infringing on my trademark.
Boom. Our forum gets shut down for a few months during the investigation. Now if Michel was making big bucks off the website...
This is just one example of how this bill can be (and will be) abused.