From the practical end I would point out that this controversy is already causing the creation of lots of new forums with different moderation policies than those such as Facebook and Youtube that triggered the public outrage behind this bill. Gab, Bitchute, and Parler are all new, while existing services such as Pornhub now host content unrelated to their original missions.

But there still is bad news — several attempts have been made to get essential services such as domain name service denied to dissident platforms, while banking services that many online performers need to stay in business (PayPal, kickstarter, Patreon and their competitors, but also Mastercard and Chase) have started refusing service based on politics. Services in both those categories are regulated so heavily that creating competition with them won’t always be practical (especially if the UN gets the idea to use its control of ICANN to deny registration to dissident sites), and it’s not that long ago that the US government tried to deny banking to a long list of legal businesses through Operation Choke Point. So a law guaranteeing everyone the right to banking access and domain name service without viewpoint discrimination is necessary before the next Democratic administration can get in and try again.