If the bill passes it's going to make bitcoin a different coin to what Satoshi would've wanted it to be.
For most people, that's already the case.
From the start of the whitepaper:
What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.
Now, how many people actually use bitcoin without a trusted third party? Do you buy, sell, or trade on a centralized exchange? Trusted third party. Do you spend your bitcoin via a third party payment processor such as BitPay or Coinbase Commerce? Trusted third party. Do you use a closed source wallet such as Trust or Coinomi? Trusted third party.
This legislation will essentially make it illegal just to own your own bitcoin, but most people already use bitcoin in a way which is very different to what Satoshi intended.