There are two underlying reasons for this. 1) Tax revenue, they will start taxing the bandwidth you use.
There is no new law, just application of an existing law. That does not include ANY new taxes.
That's not to say that congress won't try to do it in the future. The freaking democrats have been pissed off about not getting their taxes from the internet for 20 years, and they're not about to let that one die.
2) They will eventually dictate what website are appropriate. They have been bending over backwards trying to stop conservative talk and communication.
EVERY nation has been trying to regulate internet content since its inception; and it hasn't worked yet. China has spent billions and has failed for the most part.
I have no doubt the US will try, but this regulation doesn't give them any more or less legal standing to do so.
So regulating content is a separate issue.
And FYI, the biggest power grab EVER is NSA domestic spying.
