Reading this, this looks simple and straightforward. There's additional things I'd like to see, suggested elsewhere in the comments, but I'll be happy to take this, and not let the perfect be the enemy of the good.
My only worry is that getting a bill passed can require negotiation and compromise. In the process, key bits can be excised or altered, and what was good becomes bad. I hope that doesn't happen. I shall have to keep an eye on this bill.
