The fact that Google read the legislation and approved it, before Congress, the public or its competitors could review it, is a good enough reason to chunk the whole regulation and sic the anti-trust division on Google.
That’s largely my take, though not particularly Google-specific. The codification of specific yet ambiguous language creates the playing field wherein the best financed players will be able to hire the best lawyers and the most connected lobbyists to secure advantages that nobody can particularly foresee at this point. Under the guise of “fairness”, very well-financed players will jockey, over time, to secure for themselves some form of commercial advantage. And in ten or fifteen years, Congress will elevate its incredibly high opinion of itself to produce some form of counter-regulation. NOT take this original legislation apart, mind you, but to supply and impose additional regulations that will, in the name of fairness, make it virtually impossible for new entrants into the field. Regardless of the exact mechanism, just what is the thing that is so rotten about the internet right now today that demands government become and get involved. And finally, if 0bama wants it and thinks it’s a great idea-—that’s enough for me. I don’t want it.