It's not misrepresenting.
It points out that inspections like this are only as good as what the process does. Notice what's lacking in the new law? Any actual standards or targets. It basically just gave the government jurisdiction without any purpose, objective, or standards.
Since the standards can't feasibly make Disney worse, it is not really an area of concern. It can't force them to operate it.
The Freefall incident was operating below the standards of government inspections after inspectors were off site. The company is known for being seedy and lowered the standard, unfortunately, costing life. If not for state inspectors, we would be just presuming that a child died because they were too large to fit in the attraction and you got to just be smaller.
If you think Walt Disney World is comparable to the Slingshot Group, then you would have a point.
It can be annoying and for the wrong reasons. But it does not mean the safety standards must get worse.