This act and others sponsored by the same group are aimed at foreign internet trading sites(Chinese mostly.) They're robbing US blind, e.g.
'The Motor and Equipment Manufacturer's Association estimates that eighty percent of all counterfeit automobile parts imported into the U.S. originate in China or Hong Kong, costing the auto industry over $9 billion per year in lost sales.'
'The U.S. Commerce Department estimates suggest that U.S. companies lose over $1 billion per year of legitimate business due to piracy, while the U.S. Trade Representative calculates that more purchases of legitimate software and entertainment media alone would reduce the U.S. trade deficit with China by $2.5 to $3 billion per year.'
Organisation for Economic Co-Operation and Development Report:
Counterfeiting costs U.S. businesses $200 billion to $250 billion annually(this figure does not include counterfeit and pirated products that are produced and consumed domestically, nor does it include the significant volume of pirated digital products distributed via the Internet.)
Counterfeit merchandise is directly responsible for the loss of more than 750,000 American jobs.
U.S. companies suffer $9 billion in trade losses due to international copyright piracy.
China also manipulates its own currency keeping the Yuan artifically low and therefore giving them advantages exporting these goods.