is this part of the net neutrality legislation, or something different?
No, this is aimed at intellectual property protection. From what I've read this bill is a poorly constructed effort.
The primary security concerns appear to hinge on enforcing DNS filtering/blacklisting, which may lead many to use untrustworthy DNS servers geographically outside US jurisdiction. Or at bare minimum, users can just type in the direct IP address and bypass DNS filtering/blacklisting altogether. It's not an unlikely risk scenario. Consider a family where a child wanting to download some music or movies illegally gets some "bootleg" DNS addresses from IRC or other sources, and with minimal skill plugs them into the household router. The parents could easily be unaware of this change, and would unknowingly face some risks using these DNS servers while doing banking or or taxes through them.
As a solution to intellectual property theft in general, I'm not certain there's much that can be actively done to combat this today. It would seem an entire generation has come to believe that free access to any commercial media is somehow a human right. Pretty much anything aimed at protecting IP is going to be opposed.
With this bill, it's easy to see why companies like Google are opposed. By making website owners responsible for policing user uploads, sites like Youtube become essentially unmanageable as they currently operate.
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