I believe the answer might actually be yes to that as well. Remember the NSA treats analysis (search) of information as different from collection of information.

Doesn't matter though, the proposed law talks about search of American phone records which the NSA is already forbidden (even with PRISM) from looking at.

In other words the new content of this law would be exactly zero, if that's all it purports to add.

Is it more likely than not that looking at all social graph info from phone records over an indefinite period of time will show evidence of terrorist activity? If so, probable cause is met.

What's lacking is particularity which is entirely missing in the text of that law.

Haven't you heard? The way they do it now is that the NSA secretly spies on people, and then they give the info to FBI, which now has "probable cause".

These guys are hellbent on finding every possible loophole in the Constitution, and (ab)using it to the extreme. They've forgot all about the spirit of the Constitution.

It must help that they have a Constitutional lawyer in office helping them discover all these loopholes. And here we thought that because he was a Constitutional lawyer, he was going to use that knowledge to uphold the Constitution. The joke's on us, I guess.