If anyone doesn't now, sometime back the day (Before I was around because I'm a young kiddy-kong). There was a massive argument over the legal-status of Video Cassette Recorders being use as piracy devices (Like our internet).
The MPAA (Who else, of course) argued over them being devices that could kill the movie industry as a whole due to it's ability to record and replay. Being seen as a potential source of counterfeit movie making.
And what happened later? Nothing. The movie industry just slapped a warning across anti-piracy of their work, and later saw even more profit from making VCR movies themselves. Of course, for private use.
And yes, I know the internet is a much larger, easier to access medium. And if anything all these bills will just cause riots-upon-riots from other countries that it doesn't deserve this American treatment. Hell, other countries might even make their own form of internet to replace our current internet setup…. or start a war.
Which brings another theory. Will the next major war be about who controls the internet? Meh, better save that for later.