Senator Orrin Hatch's (R-UT) INDUCE looks like its running into a couple of problems, certainly if Rick Boucher(VA-9), guest posting on Lessig Blog, gets his way. He and John Doolittle have also introduced H.R. 107, the Digital Media Consumers' Rights Act, which looks like it goes someway in redressing the imbalance created by DMCA.
As he says
copyright owners have asserted that the bill would essentially legalise all hacking and all hacking tools
which yes whilst possibly being true, still AFAIK make the issue of maliciously causing damage through hacking activities legal(i.e. wholesale ripping off of DVDs etc).
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