Not a bill that's likely to pass, but the implications of this are interesting. If this did get initiated into law this year that'd mean that every movie made by the company during Walt Disney's lifetime, tons of Marvel comics including origin stories of major characters, and a big chunk of the 20th Century catalogue (including Sound of Music) would go into the public domain and be able to be used for commercial purposes by everyone:
Disney Copyrights Targeted in Bill Proposed by Sen. Josh Hawley
The company would lose its copyright to the original design of Mickey Mouse if the law is passed.
www.hollywoodreporter.com