As a congressional staff member with over 20 years experience on Capitol Hill, allow me to make the following observations:
First, sending a form email, as IntuitionBet is asking, is probably the LEAST influential way of making your feelings known on any piece of legislation, Ibet's good intentions not with standing. Instead, send a POLITE letter or email CLEARLY STATING IN YOUR OWN WORDS why you oppose the bill. DO NOT use threatening language, even threatening not to vote for the Senator. It indicates that you are already predisposed to vote against him anyway, so why should he/she worry about what you think? Again, be polite, think things out, and write clearly.
Second, the silence from most of our friends in the offshore industry about this legislation is absolutely DEAFENING. Have they banded together to organize their patrons to do a massive letter writing campaign? No. Has even Ken (the Shrink), who was very concerned about a similar bill in the last Congress, bothered to use his bully pulpit against this bill to any great extent? No. There is virtually no concern expressed by anybody on this site about it. (I'm sure everyone is following what happened with the DO NOT CALL list for telemarketers. Why did Congress react so quickly to a judge's decision nullifying the list? 'Cuz our constituents bombarded us with emails and phone calls...NOT FORM LETTERS, but communications in their own words!)
Sooo...that leads me to the following conclusions. either the industry doesn't think this bill is gonna pass (by the way, there will be 3 more votes if it does become law. First, the Senate must pass its bill, then differences between the House and Senate bills must be reconciled and a final compromise approved by BOTH the House and Senate)..OR THEY HAVE ALREADY FIGURED OUT THE LOOPHOLES AND ARE WELL PREPARED IN THE EVENT IT PASSES.
Like most other laws (should this become one), nothing will happen UNTIL GOVERNMENT BUREAUCRATS ACTUALLY WRITE THE REGULATIONS TO PUT IT INTO EFFECT. Read the bill and you will see the section that says so almost in these words. And those regulations, as much as the bill itself, will tell the tale about how difficult or easy it will be to live under this bill, should it becomes law.
Props to those members of the Ohio congressional delegation, particularly Republicans, who voted against this measure in the House of Representatives.