Better if it's overblown rather than ignored. I don't like it at all, it makes me rather pissed that something I make for myself wouldn't inherently mine from the get-go. And if it is passed, what's next? It has the possibility of opening the way for a bill to be presented referring to unregistered property. Will we have to register all of our material property for it to be ours? Because that's basically what it is, I don't see the reasoning of not going further if this is passed. If you don't have records of anything of your own, it isn't yours. It's going too far on so many levels.
If I'm overblowing it, it doesn't matter, because I don't agree with its most basic stipulation.