For those that don't remember the last time (it was defeated in the US Congress back in 2006 thanks to a large body of opposition from artists, photographers, designers, etc.), the act was to amend copyright law such that any work not officially registered would become excluded from most copyright protections.

Now, while I think that there are many things wrong with both copyright and patent law in a modern context, I do not think that this is the way to deal with the situation - but that is a post for another time.

The rumor is that it is going to be put before the House this time, and rushed through so that there isn't much opposition in an election year.

Check out the link - it's a good read.