Raising the question, maybe. However, for instance, in the eventuality that this bill passes, it will still be illegal to link to certain content. It only touches sec. 1201.
Trying to revise or remove the DMCA wholesale would be a much more difficult undertaking, and correspondingly less likely to succeed.
(I recommend reading the bill to everyone, by the way. It's only five pages long.)
Correct, the DMCA has made it possible for linking to infringements to be found illegal. This bill doesn't touch that. You can't just handwave it to the courts when the DMCA is the foundation of their opinion. The DMCA is still responsible for its unintended consequences.
I'm in complete agreement. But fixing that issue will be more difficult than fixing this one, in my opinion. Getting this bill passed would do some good even if it is overstating things a little.