Posting here for future reference. I do breakdowns on Bills to see what they actually do versus what everyone's saying they do. Considering the nature of this Bill I'm skeptical of anything Google/Facebook/etc and most new agencies say about it. The big companies declaring they're going to stop offering news services are only concerned with money, so one way or the other the Bill is affecting their income and I don't quite trust them to be honest about why.

I'll see about doing a writeup on this one in the next few days and will get back to you once I've gone through just what it does.