Well, there's more to it than that, but it's a highly likely outcome.
Check this website/video for more info:
[link]However, in a nutshell, not only are these new acts funded entirely by corporate greed, they make for a worse, barely usable internet.
Imagine an internet where you have to be careful what you upload. You have to be careful what you send pictures of. You can't draw fan art anymore. You can't perform your favorite song into a camera. You can't go to your favorite fan sites because they've been shut down. Youtube will be GONE. Facebook will have to be retooled entirely, and become much, much less...well, Facebook.
Not only that, it'll become a tool of censorship, and not for subjects deemed "obscene," rather, for people to speak out against injustice, for protests to be organized.
Please, if you don't want sites like Deviantart shut down, go to the link above and send in your info against this. I know you may feel that "Oh, bills like this are unconstitutional anyway, there's no way it'll get passed."
WRONG. There's a LOT of money behind these new laws. And the more money you have, the less that REAL laws, like the Constitution, apply to you.
Bottom line: No more Godzilla fan art.
Go show your support.
The Internet is, in a nutshell, a way to share what people do, in entertainment, in making a fan video, in doing things I can't even list all in one comment. If I frickin' feel like going on Youtube, searching up a lyrics video, with frickin' copyrighted music playing, i'll do just that. Besides half the music I have seen on Youtube has a F*****G COPYRIGHT DISCLAIMER IN THE DESCRIPTION BOX!!!! That, in basics, says that you give ALL CREDIT to the Record Company/Dealer who copyrighted the song in the first place. Besides, all fan-made things are purely what they are, fan-made, no profit, just pure freedom of speech on what fans like, it's like what ~supergoji18 said, it's FREE ADVERTISING for the huge corperations who copyrighted/created this stuff in the frist place. So, they should just STFU, and let people do what they do, express themselves, by making fan-art, fictions, videos, AMVs, GMVs, lyric videos, etc.
THUMBS UP IF YOU THINK THIS BILL SHOULD NOT BE PASSED, IN ANY WAY, SHAPE, OR FORM, NOT IN AMERICA, NOT ANYWHERE!!!
SPREAD THE WORD ABOUT THIS BILL, DON'T LET D.A. GET SHUT DOWN.
Also, this is to all internet pirates: STOP BEFORE YOU RUIN THE INTERNET ANY FURTHER THAN YOU ALREADY HAVE, UNLESS YOU WANT A USELESS INTERNET, STOP IT AT ONCE!!!
There, I've ranted long enough.
Solution: Send Little Suzy to jail for singing Ke$ha on Facebook.
LOLWUT.