Jail time for file sharing?

Proposal: Hard Time For File Traders [Wired.com]
A proposed law in the US Congress would punish those who distribute copyrighted movies or music ahead of their release dates with jail time of up to five years. "Unauthorized copies of movies often turn up in flea markets and online 'peer to peer' networks, such as Kazaa, shortly after they are released, thanks to audience members who smuggle camcorders into theaters. In other cases, industry insiders post movies and albums online before they are officially released, throwing promotional plans into disarray."