Meaningless fodder bill in an election year.
Not at all.
... prohibits the application to amateur stations of any private land use restriction, including a restrictive covenant, that—
on its face or as applied, precludes communications in an amateur radio service;
fails to permit a licensee in an amateur radio service to install and maintain an effective out-door antenna on property under the exclusive use or control of the licensee; or
does not constitute the minimum practicable restriction on such communications to accomplish the lawful purposes of a community association seeking to enforce such restriction.
This is so much better than where things stand now. For example, I have a friend who put up a wire antenna in his back yard in an HOA and was forced to take it down even though you could not even see it without trespassing on his property. How is a wire that no one can see without trespassing affecting anyone's home value? But, as things are, it can be banned. Banning a wire that no one can see certainly would not "constitute the minimum practicable restriction on such communications to accomplish the lawful purposes of a community association seeking to enforce such restriction."
Will everything immediately go smoothly and every ham operator get exactly what they want? No, of course not. Will people end up going to court to sort this out? I'm sure that will happen. But over time, an understanding of what all of this means will arise just like it has for satellite dishes and over the air antennas.
This bill certainly isn't perfect. But, it is infinitely better than where things stand right now.