Secondly, restricting sharing stuff over the internet is a draconian law.
Distributing copyrighted content without the owner's permission is also, very illegal.
Its not a kid making DVDs in his basement. Its an industry.
If this law was passed, yes. It would just be kids in their basements.
If a website is barred, other websites like Paypal cant do business with them.
How does thepiratebay use PayPal? No, they host ways to obtain copyrighted content and then load their website with ads - raking in the revenue.
Point is, money is being lost due to pirating. Passing this bill would have = more money in the industry which = bigger budgets which = bigger, better movies, music & games.