I won't rehash what others have said (and done a better job than I could) about the drawbacks of the bill. I will direct you to Michael Geist's blog and his Huff Post column for more information.
The world is extremely interconnected. What the US government is attempting with SOPA (and PIPA) is to strong arm the rest of the world into doing things THEIR way. Seems like a rather dictatorial move from a country that prides itself in it's democracy.
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