If I'm not mistaken, the most egregious aspect of the proposed bill was removed, the one that tasks the feds with the prosecution instead of the IP holders. But the bill still sucks. The point of the copyrights and patents are:
To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries.
Limited times, and to promote progress. Maintaining a copyright for 50+ years past the author's death does not meet this criteria. The Hill sisters should not be allowed to sit on their laurels and collect Happy Birthday money for decades, this does not encourage them to produce more works of art. Regarding the recording industry, the actual authors don't even own the copyright to their work. System broken.