I'm not a lawyer, but I pretend to be one on the internet.
Except Nikov you don't want laws to approach that area.
One side effect Nikov is that companies would be allowed, more then they currently do, to legally harass sites.
So if this law passes... then Youtube can be spammed with "take this down copyright" spam... much more then it currently does (CardgamesFTW for example is harassed by constant bots despite using, currently, legal material)
No. Let's Play videos are
already illegal. Sharing any material from a video game, unless it falls under the strict rules of "fair use", is technically illegal. If they feel like it, game companies can already demand that you take down whatever they think offends their copyrights, threatening lawsuit if you don't. If they think it's an acceptable use of company resources, they can also actually sue you for real, and you'll be required to show up in court and defend your use of whatever material you used. The loser gets to pay damages (and probably legal fees) to the winner. No one does this, of course, because it would be
crazy. There's no real reason anyone would start doing it after this bill, either.
The only things this law would do, as far as I can tell, are:
1) Extend copyright protection to live streaming, in case there are some loopholes about that, which there might be.
2) Make the whole sordid affair a criminal matter rather than a civil one. This sounds like it could be kind of important.