RPM Act: Is This Really The End Of The Road For Us?

The Recognizing To Protect Motorsports Act is the hot topic of today, but is the situation really as dire as it would seem to be? And if it truly is a worst case scenario, does it really mean the end of our hobby/sport?
Link to SEMA video: https://www.youtube.com/watch?v=qoen1YEstYQ
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