Just looks like it extends existing copyright infringement criminal codes to online content and not just physical things such as "phonographic records."
I see nothing in that bill that would punish fair use on sites like Youtube. Section 506 of Title 17 specifically defines criminal activity as copyright infringement meant to generate profit (i.e. making pirate copies of CDs and selling them as "originals") or meant to financially hurt the copyright holder (i.e. making a bunch of CDs and distributing them for free in order to cause a competitor to lose sales).
All the bill does is extend those protections to online content rather than physical media. Think targeting BitTorrent rather than Youtube. I didn't see anywhere in the bill where people would have to receive "written permission" to use footage for noncommercial use; that feels like it's made up unless I missed something.