"Protect IP" is heavily corporate-lobbied federal legislation that would quite simply destroy the social web as it now exists. The proposed law would allow corporate copyright holders the ability to cut off funding and compel the government to shut down websites they deem infringing, without need of a court order.
Watched the attached video to get a quick run-down on this awful, anti-free expression measure that benefits a few influential people and businesses at the expense of the rest of us. Then get on the horn and call your US senators pronto, telling them to let this piece of crap measure die a deserved death. And let the White House know you expect the president's veto if this little-debated and hastily mounted measure does make it through Congress.