Slightly better for reader privacy than the old one. The Judiciary Committee approved unanimously the new Patriot Act, set to expire in 2009.
What it means for readers:
Prior written approval of the Director or Deputy Director of the FBI for any application for a FISA Court order to compel production of:
-library circulation records,
-library patron lists,
-book sales records,
-and book customer lists containing personally identifiable information.
The Justice Department must publicly reveal each year the number of orders issued to bookstores and libraries.
Basically, this means they can still do what they want, but now they have to do some paperwork and now they're traceable. It seems more fair.
The full article from The Campaign For Reader Privacy.