After a cursory read of the bill itself, I tend toward the former interpretation: The law, which would establish a commission to study the causes of "ideologically based violence," evokes MiniLuv less readily than it does Tom Chapin's satirical folk song "A Study's About to Begin." And, indeed, the government has already conducted ample research [PDF] on the psychology and sociology of terrorism. Still, it's not hard to see why civil libertarians get uneasy when the bill's sponsor, California Democrat Jane Harman, is prone to talk about formulating plans "to intervene before a person crosses that line separating radical views from violent behavior," which, presumably, means "intervening" while the person is still only holding radical views. Nor is it especially comforting to reflect on the bill's "finding" that "The Internet has aided in facilitating violent radicalization, ideologically based violence, and the homegrown terrorism process in the United States," which suggests a mandate to focus on offensive online speech. Precisely because the bill is redundant, it seems more useful to worry about the actual steps law enforcement agencies take in service of "prevention." Depending on the composition of any commission convened under the law, there's a fair chance it will produce, if not a boot stamping on a human face forever, then at least a generous helping of national security FUD.
Someday somebody has got to decide whether the typewriter is the machine, or the person who operates it.