You don't combat copyright infringement by violating somone's 1st Amendment rights without due process, which is what this bill does. If you slander me, I don't have the right to slap duct tape on your mouth, I take you to court. If you post my copyrighted material in your store, I don't get to padlock your store, I take you to court. If you libel me or post my copyrighted material on the internet, I don't get to have your DNS cut off or remove you from someone else's search engine, I TAKE YOU TO COURT!
Certain courts now allow the plaintiff to post your domain name on an obscure website and count that as being "served". There was a recent case about this involving (I believe) counterfeit Coach purses. The only evidence used to get the court order for the domains to be redirected to the plaintiff's domain and the domains transferred to a court-controlled account at GoDaddy was a plaintiff-owned team of "experts" purchase the item in question and then tell the court that they believe it to be counterfeit.