This "bookkeeping regulation" is completely untenable if read and enforced in its most strictest form. It's almost like saying "you uploaded a picutre on UseNet, you're now responsible for the names and address of the people who saw it, and if you can't provide it, then take the picture back from the Net."
If a law is impossible for people to comply with, it will be struck down on that alone. Even if it is possible for it to be complied with, it would take such money and hurculean efforts for any company to comply with -- and again, they themselves see this in their very own research memorandi -- it can be overturned there as well.
I predict the same thing as we have always seen: The industry as a whole will be safe. The first few companies or webmasters they go after though will find it crushing unless there's an industry fund or they receive third party help from something like the ACLU.
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