At this point it’s only a proposed bill. Misleading headline, link bait!
Defintely “click bait.”
Given the high percentage of composers (in the library business) who don’t even bother to register their copyrights, and/or who do it improperly, the proposed law will not, on a practical level, alter their current position.
People who do not register for the proposed database will not be able to defend their copyrights in court, which is the same status as if they had not registered their copyright.