Does not sound good at all

Surprise! After months in the oven, the soon-to-be-released new version of a major US Internet censorship bill didn’t shrink in scope—it got much broader. Under the new proposal, search engines, Internet providers, credit card companies, and ad networks would all have cut off access to foreign "rogue sites"—and such court orders would not be limited to the government. Private rightsholders could go to court and target foreign domains, too.

As for sites which simply change their domain name slightly after being targeted, the new bill will let the government and private parties bring quick action against each new variation.

Get ready for the "PROTECT IP Act."
Revised ‘Net censorship bill requires search engines to block sites, too