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Thank you for noting the US focus in the title <3
So often I see sweeping headlines like this that are actually only about a single country, and the country is always named (as it's a key piece of information about the story) unless it's the USA, at which point they just assume you must be in the USA too and so being up front about what country they're talking about isn't a priority xD
Unfortunately this is about the first time, I'd (almost) disagree with you. If the US bans something on, or makes a law about, the internet it almost always affects the rest of the world. The only difference is the rest of the world has no say in the matter :(
Can you elaborate how this act could affect me in Germany?
As an American, GDPR has affected me. Many sites have chosen, rather than deal with Europe and the rest of the world separately, to just make a version of their site that is GDPR-compliant. I've sent GDPR erasure requests to services and they don't bother checking if I'm actually a European citizen, they just remove my data because it's easier. I'd argue that GDPR was a net good even for America and other countries.
This is the same thing but in reverse. If KOSA makes Pornhub unable to operate in America, they may very well shut down due to the loss of revenue. If KOSA makes companies paranoid about allowing, for example, NSFW pictures, or LGTBQ or abortion information, or similar, then those companies may disallow it on their services altogether even if they have servers in Europe because setting up the infrastructure for, for example DailyMotion, to have totally separate databases of content in different regions is just too much.
This can affect you. Not as much as people in the US, sure. But unless you use sites and applications made only by European companies, it can absolutely affect you.