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This is how it feels like to not be American and seeing decisions like this. They affect the whole Internet since so much stuff relies on US Internet infrastructure, yet you can only watch as the citizens of Burgerland drive the 'net into the ground.
It will not affect the whole Internet. American-centered English-speaking "Internet" yes, but there's lots and lots of infrastructure and content elsewhere. Many Chinese-, Japanese-, Russian-, and German-centric resources exist almost independently from the rest of the world. Some of them are free to completely ignore the "bad internet bills", copyright, IP, GDPR, and any other regulation you can think of.
I was exaggerating a little, but it is still a huge swath of the Internet. And the Chinese and Russian parts of the 'net have enough of their own problems.
Guess I am learning German or Japanese because Canada is also on a train to censoring the Internet piece by piece.