This legislation assumes that it is the responsibility for those who run websites to police all of the user-generated content for any IP violations, or be threatened with the loss of their livelihood. This threat to the web community has drawn an unprecedented response to inform all web users what our elected officials are attempted to do. The burden upon web-companies to police content will effectively kill all innovation and progression on the web. YouTube receives more than 8 years worth of content every day, how can this content be proactively monitored for IP violations.
Furthermore any site that link to a site hosting illegal IP content can also be shut down in the same way. One would not only be required to monitor the content their users submit, but also all the content on websites with links on their sites (including in user profiles and generated content). Overwhelmed yet?