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I'm certainly glad to see someone is addressing this problem.
There are no doubt hundreds of thousands of these works out there now. In the next 20 years or so, there will be millions of these works. They will not be republished and by the time they are released from copyright in 50-70 years, most will have been forgotten, possibly not even any existing copies to release to public domain.
In the late 1950s and early 1960s, my ex-husband's uncle published five or six mystery novels. At that time I could and did check them out of the library. They were quite good, but certainly not best-seller blockbusters. His heirs (if there are any) could republish them today. Would they? I doubt it. However, his books do not deserve to be disappear because of a law passed for Disney's benefit.
IMO the original 28-years copyright, followed by additional 28-year periods (if renewed by the copyright holder) would have been quite sufficient to protect those authors or authors' estates for which there is a continuing potential for future earnings.
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