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Google tries to defend its Web Environment Integrity
(techreport.com)
This is a most excellent place for technology news and articles.
I guess you missed the part about being able to "validate" plugins, entire operating systems, dns resolving etc.
I don't care about Googles financial problems. I don't use their services. They can close down YouTube if they don't have enough paying customers. Same with Google search. Bye Google. And the internet is suddenly a much better place.
I'm going to guess half of the proposal is to waste time and distract from the minimum requirement they're hoping to actually pass. We saw this a lot in general politics in the US: you make a bold overshooting statement while passing legislature on the side.