After reading this, it appears to specifically target people that provide a streaming service for copyrighted material protected under title 17 for the purposes of commercial advantage or private financial gain, without permission of the copyright holder. That's not as bad as many commenters are making it out to be.
Many laws have been written appearing to be one thing, while being enforced for another purpose entirely.
Some commenters may be concerned more with potential for abuses justified under law, rather than the specific use case the law appears to have in mind.
My reading is that this law takes something that is already illegal, and adds "but also dont do it on the internet". For example, you cant buy a Blu-ray copy of a movie, then charge people $1 to come watch it in your living room. This law clarifies that charging people to watch an unauthorized internet stream is the same thing.
