The FCC does not need to be regulating this. We could be spending the cash on eliminating our trillion-dollar deficit instead, or another worthy pursuit.
This law co-opts censorship. It labels it as good and necessary, when in reality it depends on the maturity and development of each child. This is a fact that psychological studies always seem to sidestep.
I play videogames and watch violent movies. This does not make me a cold-blooded assassin. My brother, on the other hand, could not as it would rub off on him significantly. The Senate is subtly saying "Censorship is OK".