before you panic
1- this only effect the internet in the USofA, the internet in other parts of the world won't be effected in any way (well, look at point 5)
2- this only effect sites registered with a registra operating from the USofA, if you registra is else where, then they are not bound by this bill
3- this only effect sites hosted within the USofA, if you are hosted else where, then your service provider is not bound by this bill
4- ICANN is the problem, as long as it answers to the USofA then we have a small problem. ICANN should be under the UN.
5- the root dns servers in the USofA are a problem as well, need more root servers in the EU and Asia.
the only thing this bill can do is effect the internet in the USofA, if you are not using their service then it won't be a problem to you.
do you still think it is not time to move your site out of the USofA?