The bill is about "Orphan Works."

"An Orphaned Work is any creative work of art where the artist or copyright owner has released their copyright, whether on purpose, by passage of time, or by lack of proper registration. In the same way that an orphaned child loses the protection of his or her parents, your creative work can become an orphan for others to use without your permission."

The full article can be read here.

http://mag.awn.com/index.php?ltype=Columns&article_no=3605

Petition can be found here.

http://www.gopetition.com/petitions/no-to-orphan-works-act.html

Read this to learn about the other side of the bill/possible benefits.

http://www.tokyopop.com/alchemiclight0102/article/1425938.html