You are incorrect, goldfinger. First of all, that doesn't even make sense. Why would dell.com send you to another site? Second, the part about "measures designed to prevent the domain name of the foreign infringing site (or portion thereof) from resolving to that domain name’s Internet Protocol address" is talking about what an ISP must do IF a website infringes the act (by allegedly breaking copyright law).
For example, say times.co.uk broke copyright law. Then US ISPs would be instructed to change their DNS so that when an American entered times.co.uk, it did not resolve to the correct IP address for the Times.
It is a copyright protection bill, yes, but it is a vastly over-aggressive one, allowing sites to be shut down for minimal infringements. In addition, it creates a federal felony offense for internet piracy.
I suggest you do check out the bill before continuing to interpret it. The text is here:
http://www.opencongress.org/bill/112-h3261/text
@Draug: It's possible that that would happen, but not necessarily so. The problem is it does require that the website have broken the law; indeed already some websites have been shut down for piracy. This would just make it easier, and overturning it would require a federal court to realize that taking down an entire website because some section of it led to copyright violations is a violation of free speech.
As for getting out of committee, Draug, that may well be right, but the bill does have quite a few sponsors, for whatever that is worth.