Let me get this straight... Is this the situation:
If this bill pass then the majority of sites hit by it will have to transfer their servers to countries where this bill has no effect, to keep their income and evade prosecutions and closures . And by that, some smaller countries where these companies will open their servers will prosper from that by gaining new jobs and money from the server lease.

Then...
Go America, Go! Pass the bill and give us your money and new jobs, and die in your own stupidity! Come to Montenegro, here you can transfer your sites, cheap, and no one will ask you nothing.

And now serious:

What. Are. They. Thinking?! Instead to adapt and go forward, they forming Internet Inquisition of the 21 century, going backward, to the dark ages.
Personally, I think that these kind of bills are prone to die, even when they are backed up by high authority, since they always try to own the Internet, while Internet can't be owned by any side, no matter how many dollar bills you put into it.
Actually, this is more bad for the country that issued this bill.
And, what would be the next step? Sever cables and optic lines with the rest of the world?
This bill would just destroy some large Internet companies from US, and in the time of this recession that is the last thing you want to do.
They are killing the benign cancer, also killing the patient in the process. That's how I see this situation.