well some of that is overblown, from what I have seen it is just a record of what IP address is linked to what account at a specific point in time and can only be accessed by law enforcement, one of your articles even states this correction, I assumed this was something that most internet providers were already doing.
not in favor of it, but not nearly as bad as sopa was.
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Access to a record or information required to be retained under this subsection may not be compelled by any person or other entity that is not a governmental entity.
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(2) that records retained pursuant to section 2703(h) of title 18, United States Code, should be stored securely to protect customer privacy and prevent against breaches of the records.
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what bothers me most is related to the last part, they "should" secure the records, but no guidelines for security or real punishments if they don't, so if the records did slip out and have a serious impact of privacy loss for the users, the users will likely just get a few months of credit monitoring..... businesses need real regulations on security otherwise they will just do the minimal amount.