They will most likely bring that clause back in a few years after the current bill is passed. Once they realise that their current law is essentially subsidizing security of the whole world, by making only EU businesses pay for it.
Laws like this should only be applied to billion dollar companies not small businesses or startups. It just hurts EU innovators while benefiting everyone else.
Laws don’t matter, they almost always sound sweet in decent governments like EU. What effects those laws cause in the real world when accounting for all players in the market matter a lot more.
And this law will yet again benefit non-EU startups while hurting EU startups.