If university officials are overreacting, it's certainly understandable why they would assume the worst of the bill. Just this year an amendment was added to a financial aid bill that would have created a list of the campuses deemed the worst copyright "offenders." It was later withdrawn, but only after a very public outcry from educators.
Still, the attention generated over this bill may help ensure that the sort of measures educators are already worried about don't get added at the last minute. Even if the situation isn't as dire as critics claim, one thing politicians have shown is a willingness to quietly add copyright enforcement clauses into education related legislation. It can't hurt to keep paying attention.
Source: Wired