It is just me or some of the things seem quite difficult to enforce in reality, like identification of age of a child visiting a chat room.
It's purely for assignment of liability. It won't prevent bad things from happening, but it will tell you who to blame. (Hint: It's not the actual perpetrator. If it were that simple, we wouldn't need a new government policy to tell us that.)
This sounds a lot like OpenID to me, even down to the idea of an "identity ecosystem." Does anyone know if this is going to be OpenID under the covers, with the US government being a provider?