It's a ludicrous thing to say because the parts of the bill people are concerned with (technical assistance orders, ie: forcing companies to backdoor products) have no possible way to be acted on in the time period they are suggesting. So it is pretty much bald faced lying. And then you have to ask, if they are straight up lying about this, what are the real motivations? If we are lucky it's pure petty politics with a benign obliviousness to the fact they have just breached a major waterline in how far Western democracies are willing to break the internet. Hopefully we are that lucky.