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Much as I want to find a way for orphan works to be used, the proposed legislation had some big problems, including turning over copyright registration to private firms. It basically came down to "if you don't register your works with this for-profit firm, you'll lose copyright protection, because anyone will be able to claim they did a search for the owner/s and didn't find them."
The obvious problems with orphan works is why I think Disney won't succeed in extending the mouse-life again; too many people, including politicians, are aware that there's a lot of works that *should* be available to the public, and that giving protection to a handful of very profitable works no longer justifies locking all those other works away.
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