I’m still too angry to speak on it myself. So I’ll just point you at Cory Doctorow of the EFF’s comments:
If Senator Fritz has his way, no new technologies will be brought to market without a one-year review. Open Source will be dead, since there will be no way to ensure that your users don’t remove your mandated copy-protection measures.
I’d call Hollings a whore, but that would be unfair to prostitutes.
