(b)(1)It shall be unlawful for any employer to request or require any employee or prospective employee to provide any user name and password, password, or other means of authentication to gain access to the employee's or prospective employee's personal internet account.
(2)An employer may request or require an employee to disclose any user name and password, password, or other means of authentication for accessing any accounts or services provided by the employer or by virtue of the employee's employment relationship with the employer or that the employee uses for business purposes.
Note: Paragraph 1 retains the ban on asking for account information for personal accounts, and paragraph 2 authorizes asking for the info for business/employeer provided accounts.
So, unlike the headline, in fact this bill moves to legalize access to the businesses social media accounts.