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The vagueness of this bill IS the problem. Vagueness in the law makes for really bad laws.

Give me one reason I should support this bill.

I don't support it (I think it's a NOP designed solely to gain attention for its sponsors), so I certainly won't be offering you any such arguments.

Where I take exception is with efforts to stir up hysteria about it.

Valid concern ≠ hysteria.

Sure, that's true. But not all the concerns regarding CISPA are valid.

Which ones?

See: every other comment of mine on this thread.