So a little while ago, Sweetcell was warning us all about this possible legislation. According to the official IPA website, the new draft for the bill looks to confirm what we have all come to fear in this mess as you can now find at the following link: http://www.illustratorspartnership.org/01_topics/article.php?searchterm=00265.
As the article says, please pass on the word to every creative person/group you know.

Also notice Holland's debunking of the 6 Misconceptions blog. This is definitely worth keeping an eye on.