INDUCE Act
Via Lessig Blog: I was going to post my reaction to the INDUCE Act yesterday, but needed time to read/understand it and Senator Hatch's speech regarding its goals. It definitely reads overbroad to me - it seems like it would apply to more than just P2P software vendors promising users free (but illegally shared) music. It might be interpreted to apply to programs like CD rippers, which have legitimate uses.
This annotated version of Hatch's speech raises many of the questions that need to be asked before the act breezes through Congress. A highly recommended read.