This new legislation is pro-business (read: RIAA&MPAA), as this excerpt from the above-linked article mentions:
"It's disturbing that this business-friendly legislation has the backing of the administration while the consumer-friendly Digital Media Consumers' Rights Act sponsored by Rep. Rick Boucher (D-VA) has remained bottled up in subcommittee for most of its existence. As currently written, the Intellectual Property Protection Act would tilt the balance even more heavily in the favor of content producers at the expense of American consumers."
Check it out, gives a good rundown.
Also on the Intellectual Property front, apparently the Supreme Court is taking a closer look at Patents. This could be good or bad, there's still a lot to be considered before they hand down their decision, but it's definitely good if you're a proponent of the theory that the judiciary is hijacking America.